FINTRAC’s financial intelligence was recognized by the Ontario Provincial Police in Project Fossil, a drug trafficking investigation that began in September 2023. As a result of the investigation, police seized large quantities of suspected cocaine, crystal methamphetamine, heroin and other illegal substances of an estimated street value of $2.7 million. 11 individuals have been charged with a total of 165 offences contrary to the Controlled Drugs and Substances Act, the Criminal Code and the Cannabis Act. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations. Read More
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FinCEN Publishes Beneficial Ownership Reporting Outreach and Education Toolkit
- FIUs
- door fincen.gov
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News release: FINTRAC imposes an administrative monetary penalty on Coinseason Capital Inc.
Coinseason Capital Inc., a money services business in Richmond, British Columbia, was imposed an administrative monetary penalty of $33,000 for committing 1 violation. Read More
@AUSTRAC: Some customers have difficulty providing standard identification documents. We’ve updated guidance about assisting customers who don’t have standard ID, and are seeking feedback by 30 October 2024. Read more: ow.ly/ALWp50ToLrr
Some customers have difficulty providing standard identification documents. We’ve updated guidance about assisting customers who don’t have standard ID, and are seeking feedback by 30… Bron@AUSTRAC: Some customers have difficulty providing standard identification documents. We’ve updated guidance about assisting customers who don’t have standard ID, and are seeking feedback by 30 October 2024. Read more: ow.ly/ALWp50ToLrr