Who was sanctioned, and for what?

According to FINTRAC, Your Neighbourhood Credit Union Limited is a provincially regulated credit union based in Kitchener, Ontario. Canada's anti-money laundering regulator FINTRAC imposed an administrative monetary penalty of CAD 16,500 on the company on 10 August 2026. According to FINTRAC's findings, made during a compliance examination, the company committed one violation of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its regulations. As described by the regulator, the violation concerned written compliance policies and procedures. 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 Your Neighbourhood Credit Union Limited", published 24 September 2026, https://fintrac-canafe.canada.ca/pen/amps/pen-2026-09-24-2-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); Verwaltungsgeldbuße nach Teil 4.1 PCMLTFA

Action

Fine

Status of proceedings

final

Sector

Financial services and insurance

Published

24 Sep 2026

Original amount 16,500 CAD, converted at the ECB reference rate of 10 Aug 2026.

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

According to FINTRAC, Caisse populaire acadienne ltée is a federally regulated credit union based in Caraquet, New Brunswick. Canada's anti-money laundering regulator FINTRAC imposed an administrative monetary penalty of CAD 676,500 on the company on 23 July 2026. According to FINTRAC's findings, made during a compliance examination, the company committed 3 violations of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its regulations. As described by the regulator, the violations concerned suspicious transaction reporting, written compliance policies and procedures and assessing and documenting money laundering and terrorist financing risks. Specifically, according to FINTRAC, the credit union failed in four instances to report multiple transactions that showed indicators of suspicion. 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 Caisse populaire acadienne ltée", published 24 September 2026, https://fintrac-canafe.canada.ca/pen/amps/pen-2026-09-24-4-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 · Suspicious activity reports

Legal basis

PCMLTFA s. 7, 9.6(1); PCMLTF Regulations 156(1)(b), 156(1)(c), 156(2); Verwaltungsgeldbuße nach Teil 4.1 PCMLTFA

Action

Fine

Status of proceedings

final

Sector

Financial services and insurance

Published

24 Sep 2026

Original amount 676,500 CAD, converted at the ECB reference rate of 23 Jul 2026.

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

According to FINTRAC, Caisse populaire Alliance limitée is a provincially regulated credit union based in North Bay, Ontario. Canada's anti-money laundering regulator FINTRAC imposed an administrative monetary penalty of CAD 82,500 on the company on 5 June 2026. 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, enhanced measures for high-risk situations, assessing and documenting money laundering and terrorist financing risks and the prescribed review of the compliance programme. Specifically, according to FINTRAC, 46 of 118 high-risk clients were not reviewed annually, contrary to the credit union's own policies. 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 Caisse populaire Alliance limitée", published 24 September 2026, https://fintrac-canafe.canada.ca/pen/amps/pen-2026-09-24-1-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 · Customer due diligence

Legal basis

PCMLTFA s. 9.6(1), 9.6(3); PCMLTF Regulations 156(1)(b), 156(1)(c), 156(1)(f), 156(2), 156(3), 157; Verwaltungsgeldbuße nach Teil 4.1 PCMLTFA

Action

Fine

Status of proceedings

final

Sector

Financial services and insurance

Published

24 Sep 2026

Original amount 82,500 CAD, converted at the ECB reference rate of 5 Jun 2026.

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

According to FINTRAC, Pathwise Credit Union is a provincially regulated credit union based in Oshawa, Ontario. Canada's anti-money laundering regulator FINTRAC imposed an administrative monetary penalty of CAD 41,250 on the company on 4 June 2026. According to FINTRAC's findings, made during a compliance examination, the company committed 2 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 and assessing and documenting money laundering and terrorist financing risks. 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 Pathwise Credit Union", published 24 September 2026, https://fintrac-canafe.canada.ca/pen/amps/pen-2026-09-24-3-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); Verwaltungsgeldbuße nach Teil 4.1 PCMLTFA

Action

Fine

Status of proceedings

final

Sector

Financial services and insurance

Published

24 Sep 2026

Original amount 41,250 CAD, converted at the ECB reference rate of 4 Jun 2026.

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

The operator of alternative trading systems passed on confidential order and trading information from its fixed income and equity platforms to unauthorised employees, lacked adequate safeguards and was initially not forthcoming with the regulator. Sanctions: administrative penalty of 600,000 CAD, 75,000 CAD in costs, a reprimand and an external review.

Authority / court

Capital Markets Tribunal (Ontario) auf Antrag der Ontario Securities Commission

Area of law

Capital markets and financial supervision · Organisational requirements

Legal basis

National Instrument 21-101, s. 5.10(1)-(3); Securities Act (Ontario) ss. 127(1), 127.1

Action

Fine

Status of proceedings

final

Sector

Financial services and insurance

Mitigating circumstances

Cooperation, self-report, no prior record

Original amount 600,000 CAD, converted at the ECB reference rate of 15 Apr 2026.

Checked against the official source on 25 Sep 2026 · Direct link

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) imposed 693,742.50 CAD on the Edmonton money services business, which also exchanges virtual currencies, for five violations: repeated failure to file suspicious transaction reports, lack of written compliance policies, insufficient enhanced measures for high-risk transactions, lack of a risk assessment and incomplete records of occupation and transactions for crypto exchanges.

Authority / court

Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

Area of law

Money laundering and terrorist financing · Suspicious activity reports

Legal basis

Proceeds of Crime (Money Laundering) and Terrorist Financing Act, Part 1, und zugehörige Verordnungen

Action

Fine

Status of proceedings

unknown

Sector

Financial services and insurance

Published

14 May 2026

Original amount 693,742.5 CAD, converted at the ECB reference rate of 27 Mar 2026.

Checked against the official source on 25 Sep 2026 · Direct link

According to FINTRAC, VersaBank is a bank based in London, Ontario. Canada's anti-money laundering regulator FINTRAC imposed an administrative monetary penalty of CAD 42,075 on the company on 23 February 2026. According to FINTRAC's findings, the company committed 2 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 and enhanced measures for high-risk situations. Specifically, according to FINTRAC, the bank failed in at least seven instances to correctly identify elevated or high-risk clients and apply enhanced due diligence. 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 VersaBank", published 5 May 2026, https://fintrac-canafe.canada.ca/pen/amps/pen-2026-05-05-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 · Customer due diligence

Legal basis

PCMLTFA s. 9.6(1), 9.6(3); PCMLTF Regulations 156(1)(b), 157; Verwaltungsgeldbuße nach Teil 4.1 PCMLTFA

Action

Fine

Status of proceedings

final

Sector

Financial services and insurance

Published

5 May 2026

Original amount 42,075 CAD, converted at the ECB reference rate of 23 Feb 2026.

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

According to FINTRAC, MP Technology Services Ltd. is an entity determined to be a foreign money services business operating in Canada. Canada's anti-money laundering regulator FINTRAC imposed an administrative monetary penalty of CAD 536,853.35 on the company on 20 November 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 international electronic funds transfer reporting, written compliance policies and procedures, assessing and documenting money laundering and terrorist financing risks and suspicious transaction reporting. Specifically, FINTRAC found four unreported incoming international transfers and four unreported suspicious attempted transactions; policies and risk assessment were not tailored to Canadian requirements. According to FINTRAC, the company has appealed the decision to the Federal Court. Source: FINTRAC (Financial Transactions and Reports Analysis Centre of Canada), "Administrative monetary penalty on MP Technology Services Ltd.", published 18 December 2025, https://fintrac-canafe.canada.ca/pen/amps/pen-2025-12-18-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 · Suspicious activity reports

Legal basis

PCMLTFA s. 7, 9(1), 9.6(1), 9.6(2); PCMLTF Regulations 30(1)(c), 156(1)(b), 156(1)(c); Verwaltungsgeldbuße nach Teil 4.1 PCMLTFA

Action

Fine

Status of proceedings

under appeal

Sector

Financial services and insurance

Published

18 Dec 2025

Original amount 536,853.35 CAD, converted at the ECB reference rate of 20 Nov 2025.

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

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) imposed 176,960,190 CAD on the crypto payment service registered in British Columbia. In July 2024 alone, 1,068 suspicious transaction reports were not filed – including on transactions linked to child sexual abuse material, fraud, ransomware and sanctions evasion – as well as 1,518 reports of large virtual currency transactions; in addition, there were violations of a ministerial directive and a lack of policies and risk assessment. The company has appealed to the Federal Court.

Authority / court

Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

Area of law

Money laundering and terrorist financing · Suspicious activity reports

Legal basis

Proceeds of Crime (Money Laundering) and Terrorist Financing Act, Part 1, und zugehörige Verordnungen

Action

Fine

Status of proceedings

under appeal

Sector

Financial services and insurance

Published

22 Oct 2025

Original amount 176,960,190 CAD, converted at the ECB reference rate of 16 Oct 2025.

Checked against the official source on 25 Sep 2026 · Direct link

According to FINTRAC, Synergy Credit Union is a provincially regulated credit union based in Lloydminster, Saskatchewan. Canada's anti-money laundering regulator FINTRAC imposed an administrative monetary penalty of CAD 214,500 on the company on 26 September 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 suspicious transaction reporting, assessing and documenting money laundering and terrorist financing risks, enhanced measures for high risk and written compliance policies and procedures. Specifically, according to FINTRAC, the credit union failed to report suspicious transactions in two instances; contrary to its own policies, 46 of 102 high-risk clients were not reviewed annually. 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 Synergy Credit Union", published 27 November 2025, https://fintrac-canafe.canada.ca/pen/amps/pen-2025-11-27-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 · Suspicious activity reports

Legal basis

PCMLTFA s. 7, 9.6(1), 9.6(3); PCMLTF Regulations 156(1)(b), 156(1)(c), 157; PCMLTF Suspicious Transaction Reporting Regulations s. 9(1); Verwaltungsgeldbuße nach Teil 4.1 PCMLTFA

Action

Fine

Status of proceedings

final

Sector

Financial services and insurance

Published

27 Nov 2025

Original amount 214,500 CAD, converted at the ECB reference rate of 26 Sep 2025.

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

According to FINTRAC, First Nations Bank of Canada is a bank based in Saskatoon, Saskatchewan. Canada's anti-money laundering regulator FINTRAC imposed an administrative monetary penalty of CAD 601,139.80 on the company on 22 September 2025. According to FINTRAC's findings, made during a compliance examination, the company committed 5 violations of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its regulations. As described by the regulator, the violations concerned suspicious transaction reporting, written compliance policies and procedures, assessing and documenting money laundering and terrorist financing risks, enhanced measures for high-risk situations and ongoing monitoring of business relationships. Specifically, according to FINTRAC, suspicious transaction reports were missing in 5 of 16 case files reviewed; in six instances reviewed, high-risk clients were not subject to special measures. 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 First Nations Bank of Canada", published 16 October 2025, https://fintrac-canafe.canada.ca/pen/amps/pen-2025-10-16-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 · Suspicious activity reports

Legal basis

PCMLTFA s. 7, 9.6(1), 9.6(3); PCMLTF Regulations 123.1, 156(1)(b), 156(1)(c), 157; PCMLTF Suspicious Transaction Reporting Regulations s. 9(1); Verwaltungsgeldbuße nach Teil 4.1 PCMLTFA

Action

Fine

Status of proceedings

final

Sector

Financial services and insurance

Published

16 Oct 2025

Original amount 601,139.8 CAD, converted at the ECB reference rate of 22 Sep 2025.

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

According to FINTRAC, Commerciale I.C. - Pacific Inc. is a money services business based in Montréal, Quebec. Canada's anti-money laundering regulator FINTRAC imposed an administrative monetary penalty of CAD 224,235 on the company on 2 September 2025. According to FINTRAC's findings, made during a compliance examination, the company committed 5 violations of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its regulations. As described by the regulator, the violations concerned international electronic funds transfer reporting, written compliance policies and procedures, assessing and documenting money laundering and terrorist financing risks, the prescribed review of the compliance programme and compliance with a ministerial directive. Specifically, according to FINTRAC, 8 of 22 electronic funds transfer reports reviewed were not filed on time; the company also did not comply with a ministerial directive. According to FINTRAC, the company has appealed the decision to the Federal Court. Source: FINTRAC (Financial Transactions and Reports Analysis Centre of Canada), "Administrative monetary penalty on Commerciale I.C. - Pacific Inc.", published 5 February 2026, https://fintrac-canafe.canada.ca/pen/amps/pen-2026-02-05-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. 11.43; PCMLTF Regulations 132(1), 156(1)(b), 156(1)(c), 156(1)(f); Verwaltungsgeldbuße nach Teil 4.1 PCMLTFA

Action

Fine

Status of proceedings

under appeal

Sector

Financial services and insurance

Published

5 Feb 2026

Original amount 224,235 CAD, converted at the ECB reference rate of 2 Sep 2025.

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

According to FINTRAC, Juba Express Inc. is a money services business based in Toronto, Ontario. Canada's anti-money laundering regulator FINTRAC imposed an administrative monetary penalty of CAD 67,150 on the company on 29 August 2025. According to FINTRAC's findings, made during a compliance examination, the company committed 5 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, international electronic funds transfer reporting, large cash transaction reporting and money services business registration requirements. Specifically, according to FINTRAC, nine electronic funds transfer reports and three large cash transaction reports were incomplete; one branch was not disclosed in the registration. According to FINTRAC, the company has appealed the decision to the Federal Court. Source: FINTRAC (Financial Transactions and Reports Analysis Centre of Canada), "Administrative monetary penalty on Juba Express Inc.", published 11 December 2025, https://fintrac-canafe.canada.ca/pen/amps/pen-2025-12-11-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(1); PCMLTF Regulations 30(1)(a), 30(1)(b), 156(1)(b), 156(1)(c), 156(2); PCMLTF Registration Regulations s. 4(b), 5; Verwaltungsgeldbuße nach Teil 4.1 PCMLTFA

Action

Fine

Status of proceedings

under appeal

Sector

Financial services and insurance

Published

11 Dec 2025

Original amount 67,150 CAD, converted at the ECB reference rate of 29 Aug 2025.

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

According to FINTRAC, Peken Global Limited (KuCoin) is an entity determined to be a foreign money services business operating in Canada. Canada's anti-money laundering regulator FINTRAC imposed an administrative monetary penalty of CAD 19,552,000 on the company on 28 July 2025. According to FINTRAC's findings, the company committed 3 violations of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its regulations. As described by the regulator, the violations concerned money services business registration requirements, large virtual currency transaction reporting and suspicious transaction reporting. Specifically, FINTRAC found 33 instances of unreported suspicious transactions; the regulator identified unreported virtual currency receipts of CAD 10,000 or more using blockchain analytics, and registration as a foreign money services business was not completed despite the opportunity to do so. According to FINTRAC, the company has appealed the decision to the Federal Court. Source: FINTRAC (Financial Transactions and Reports Analysis Centre of Canada), "Administrative monetary penalty on Peken Global Limited", published 25 September 2025, https://fintrac-canafe.canada.ca/pen/amps/pen-2025-09-25-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 · Suspicious activity reports

Legal basis

PCMLTFA s. 7, 11.1; PCMLTF Regulations 33(1)(f); Verwaltungsgeldbuße nach Teil 4.1 PCMLTFA

Action

Fine

Status of proceedings

under appeal

Sector

Financial services and insurance

Published

25 Sep 2025

Original amount 19,552,000 CAD, converted at the ECB reference rate of 28 Jul 2025.

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

According to FINTRAC, 2294235 Ontario Inc. is a money services business based in Niagara Falls, Ontario. Canada's anti-money laundering regulator FINTRAC imposed an administrative monetary penalty of CAD 70,537.50 on the company on 28 July 2025. According to FINTRAC's findings, made during a compliance examination, the company committed 6 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, the prescribed review of the compliance programme, providing documents requested by notice and record keeping. The publication does not mention any pending review. Source: FINTRAC (Financial Transactions and Reports Analysis Centre of Canada), "Administrative monetary penalty on 2294235 Ontario Inc.", published 2 December 2025, https://fintrac-canafe.canada.ca/pen/amps/pen-2025-12-02-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 · Customer due diligence

Legal basis

PCMLTFA s. 9.6(2), 63.1(2); PCMLTF Regulations 36(i), 156(1)(b), 156(1)(c), 156(1)(d), 156(1)(e), 156(1)(f), 156(2), 156(3); Verwaltungsgeldbuße nach Teil 4.1 PCMLTFA

Action

Fine

Status of proceedings

unknown

Sector

Financial services and insurance

Published

2 Dec 2025

Original amount 70,537.5 CAD, converted at the ECB reference rate of 28 Jul 2025.

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

An ASC panel had previously found that RTAX illegally distributed securities and, between 2016 and 2019, defrauded investors of at least CAD 462,421: the money was supposed to go into investments in or loans to third parties but was largely used for personal purposes, unrelated debts and payments to other investors. In its sanctions decision the panel ordered an administrative penalty of CAD 175,000; disgorgement of the CAD 462,421 obtained and costs of CAD 81,755 are separate and are not included in the amount shown. RTAX must permanently cease trading in securities. Measures against individuals are not set out here.

Authority / court

Alberta Securities Commission (ASC), Hearing Panel

Area of law

Capital markets and financial supervision · Market abuse and insider dealing

Legal basis

Securities Act (Alberta), RSA 2000, c. S-4, s. 110(1) (Vertrieb ohne Prospekt) und s. 93(1)(b) (Betrug); Sanktionen nach s. 198 (u. a. s. 198(1)(i) Herausgabe), s. 199 (Verwaltungsstrafe) und s. 202 (Kosten)

Action

Fine

Status of proceedings

unknown

Sector

Financial services and insurance

Liability of senior managers

Measures against individuals are not set out here.

Published

14 Jul 2025

Original amount 175,000 CAD, converted at the ECB reference rate of 9 Jul 2025.

Checked against the official source on 3 Oct 2026 · Direct link

According to FINTRAC, TreasureMeta Corporation is a money services business based in Markham, Ontario. Canada's anti-money laundering regulator FINTRAC imposed an administrative monetary penalty of CAD 24,750 on the company on 9 July 2025. According to FINTRAC's findings, made in the course of its supervisory activity, the company committed one violation of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its regulations. As described by the regulator, the violation concerned money services business registration requirements. The publication does not mention any pending review. Source: FINTRAC (Financial Transactions and Reports Analysis Centre of Canada), "Administrative monetary penalty on TreasureMeta Corporation", published 5 February 2026, https://fintrac-canafe.canada.ca/pen/amps/pen-2026-02-05-1-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

PCMLTF Registration Regulations s. 4(b), 5; Verwaltungsgeldbuße nach Teil 4.1 PCMLTFA

Action

Fine

Status of proceedings

unknown

Sector

Financial services and insurance

Published

5 Feb 2026

Original amount 24,750 CAD, converted at the ECB reference rate of 9 Jul 2025.

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

According to FINTRAC, Primary Capital Inc. is a securities dealer or wealth management firm based in Toronto, Ontario. Canada's anti-money laundering regulator FINTRAC imposed an administrative monetary penalty of CAD 93,390 on the company on 15 May 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 prescribed review of the compliance programme and determining politically exposed persons. 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 Primary Capital Inc.", published 18 September 2025, https://fintrac-canafe.canada.ca/pen/amps/pen-2025-09-18-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 · Customer due diligence

Legal basis

PCMLTFA s. 9.3(1), 9.6(2); PCMLTF Regulations 119(1), 156(1)(b), 156(1)(c), 156(1)(f), 156(2), 156(3); Verwaltungsgeldbuße nach Teil 4.1 PCMLTFA

Action

Fine

Status of proceedings

final

Sector

Financial services and insurance

Published

18 Sep 2025

Original amount 93,390 CAD, converted at the ECB reference rate of 15 May 2025.

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

According to FINTRAC, Canaccord Genuity Corp. is a securities dealer or wealth management firm based in Vancouver, British Columbia. Canada's anti-money laundering regulator FINTRAC imposed an administrative monetary penalty of CAD 544,500 on the company on 14 May 2025. According to FINTRAC's findings, made during a compliance examination in 2023, 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 suspicious transaction reporting, written compliance policies and procedures, assessing and documenting money laundering and terrorist financing risks and enhanced measures for high-risk situations. Specifically, FINTRAC found three missing suspicious transaction reports in 100 case files reviewed; in 14 files of high-risk clients reviewed, beneficial ownership and client information had not been updated. 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 Canaccord Genuity Corp.", published 3 July 2025, https://fintrac-canafe.canada.ca/pen/amps/pen-2025-07-03-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 · Suspicious activity reports

Legal basis

PCMLTFA s. 7, 9.6(2), 9.6(3); PCMLTF Regulations 156(1)(b), 156(1)(c), 156(2); Verwaltungsgeldbuße nach Teil 4.1 PCMLTFA

Action

Fine

Status of proceedings

final

Sector

Financial services and insurance

Published

3 Jul 2025

Original amount 544,500 CAD, converted at the ECB reference rate of 14 May 2025.

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

In 2017 the Vancouver payment processing company sold its own crypto coin to about 500 investors without a prospectus, raising CAD 3,341,040.91; in doing so it referred to an independent non-profit organisation that did not exist, announced sold-out tranches that had not sold out and cited inflated monthly revenue. It also operated an unrecognised exchange for the coin. Under its settlement with the BCSC, NetCents was permanently barred from trading in securities and must pay the proceeds, frozen since 2018, together with interest to the Commission. The amount of CAD 3,341,040.91 is a disgorgement of the proceeds, not an administrative penalty.

Authority / court

British Columbia Securities Commission (BCSC), Executive Director (Vergleich und Anordnung)

Area of law

Capital markets and financial supervision · Disclosure and reporting obligations

Legal basis

Securities Act (British Columbia), RSBC 1996, c. 418, s. 61 (Prospektpflicht), s. 50(1)(d) (Falschangaben), s. 25 (nicht anerkannte Börse); Anordnungen nach s. 161(1)(b), (d) und (g)

Action

Disgorgement of profits

Status of proceedings

final

Sector

Financial services and insurance

Repeat case

no

Mitigating circumstances

The directors and officers at the time have all left the company; the settlement made a hearing unnecessary.

Published

16 Apr 2025

Original amount 3,341,040.91 CAD, converted at the ECB reference rate of 16 Apr 2025.

Checked against the official source on 3 Oct 2026 · Direct link