WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com
您当前语言与浏览器默认语言不一致，是否切换？
切换
Global Broker Regulation & Inquiry App
Financial Transactions and Reports Analysis Centre of Canada
Year 2000Regulated by Government
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)，founded in 2000, is Canada’s financial intelligence unit (FIU)， with its headquater located in Ottawa. FINTRAC is established by, and operates within the ambit of, the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its Regulations. The Centre is mainly responsible for the detection, prevention and deterrence of money laundering and the financing of terrorist activities financing and other threats to the security of Canada.
Disclose broker
Disclosure summary
- Disclosure matching Name matching
- Disclosure time 2022-04-29
- Penalty amount $ 486,750.00 USD
- Reason for punishment Laurentian Bank of Canada, also operating as Banque Laurentienne du Canada, a bank in Montréal, Quebec, was imposed an administrative monetary penalty of $486,750 on February 17, 2022, for committing one violation.
Disclosure details
FINTRAC imposes an administrative monetary penalty on Laurentian Bank of Canada
FINTRAC imposes an administrative monetary penalty on Laurentian Bank of Canada
[2022-04-29]
Laurentian Bank of Canada, also operating as Banque Laurentienne du Canada, a bank in Montréal, Quebec, was imposed an administrative monetary penalty of $486,750 on February 17, 2022, for committing one violation. The violation was found during the course of a compliance examination in 2020. The penalty has been paid and the case is closed.
Nature of violation
Violation #1 – Failure to report suspicious transactions – PCMLTFA 7
Laurentian Bank of Canada failed to submit suspicious transaction reports where there were reasonable grounds to suspect that transactions were related to a money laundering offence.
Annex
More regulatory disclosure
Warning
2021-02-22
Warnings CMS Financial L.L.C 
CMS Financial
Danger
2022-10-28
Danger
2021-02-22
Warnings EGM Futures 
EGM Futures