FINTRAC has updated its Administrative Monetary Penalties. In particular, the public notice received yesterday notes that they have changed their criteria for publicizing penalties. Here is the updated information:

1. A person or entity subject to an administrative monetary penalty is named if one of the following criteria is met:
   • The person or entity has committed a very serious violation; or
   • The base penalty amount is equal to or greater than $250,000, before adjustments are made in consideration of the person or entity’s compliance history and ability to pay; or
   • Repeat significant non-compliance on the part of the person or entity.

   Specifically, FINTRAC will publish the name of the person or entity that committed the violation(s), the business sector, the nature of the violation, the city where the business is located, and the penalty amount imposed.

   You can view the public list of AMPs imposed by FINTRAC on the Public Notice page.

2. FINTRAC publishes statistical information on administrative monetary penalties imposed by business sector.

Link:

FINTRAC Administrative Monetary Penalties

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