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Another FINTRAC Penalty Published

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FINTRAC published the name of another MSB.  Ideal Money Services Inc. of Richmond Hill, Ontario, was fined $20,410.00 on July 13, 2012 for seven counts of violating the PCMLTFRs.  Its name and the details were published on the FINTRAC website on September 4, 2012.  Read the notice here.

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About the Author:

Tushar K. Pain is an experienced lawyer who has advocated for his clients for more than 17 years. He has extensive experience in litigation and has represented clients facing potential sanctions under the Proceeds of Crime Money Laundering Terrorist Financing Act (PCMLTFA). If you are being investigated by FINTRAC call 416 410 4838 to speak with Tushar.

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