Who was sanctioned, and for what?

According to FINTRAC, HRA Group Holdings is a dealer in precious metals and stones based in Vancouver, British Columbia. Canada's anti-money laundering regulator FINTRAC imposed an administrative monetary penalty of CAD 132,000 on the company on 2 June 2025. According to FINTRAC's findings, made during a compliance examination, the company committed 4 violations of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its regulations. As described by the regulator, the violations concerned written compliance policies and procedures, assessing and documenting money laundering and terrorist financing risks, the compliance training programme and the prescribed review of the compliance programme. According to FINTRAC, the penalty has been paid in full and the case is closed. Source: FINTRAC (Financial Transactions and Reports Analysis Centre of Canada), "Administrative monetary penalty on HRA Group Holdings", published 2 October 2025, https://fintrac-canafe.canada.ca/pen/amps/pen-2025-10-02-eng; summarised in our own words; not an official version and not a reproduction of the original.

Authority / court

Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

Area of law

Money laundering and terrorist financing · Internal controls

Legal basis

PCMLTFA s. 9.6(1); PCMLTF Regulations 156(1)(b), 156(1)(c), 156(1)(d), 156(1)(e), 156(1)(f); Verwaltungsgeldbuße nach Teil 4.1 PCMLTFA

Action

Fine

Status of proceedings

final

Sector

Retail and e-commerce

Published

2 Oct 2025

Original amount 132,000 CAD, converted at the ECB reference rate of 2 Jun 2025.

Checked against the official source on 28 Sep 2026 · Version 3 · Direct link