The governments of the United States, Canada, the United Kingdom and the European External Action Service announced coordinated sanctions in response to the May 23, 2021 forced landing of a commercial Ryanair flight by Belarus.
The Financial Transactions and Reports Analysis Centre of Canada published a special bulletin regarding ideologically motivated violent extremism and related terrorist financing following the addition of four groups to the Criminal Code list of terrorist entities.
Editor’s Note: In the latest installment of our series, the moneylaundering.com legal team covers illicit finance in Canadian real estate and the push for publicly available beneficial-ownership information.
Federal regulators reminded banks to adhere to all existing anti-money laundering requirements and other expectations when engaging with cryptocurrency firms and other financial technology-based startups, regardless of whether the standards apply specifically to the nascent industry.
The Financial Transactions and Reports Analysis Centre of Canada issued an administrative penalty of CA$59,235 against the Chilliwack, British Columbia-based real estate broker for failure to comply with Part 1 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.
The Financial Transactions and Reports Analysis Centre issued an administrative penalty against the Montréal, Canada-based dealer in precious metals and stones for non-compliance with Park 1 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and its associated Regulations.
|Compliant : 11||High : 0|
|Largely Compliant : 18||Substantial : 5|
|Partially Compliant : 6||Moderate : 5|
|Non-Compliant : 5||Low : 1|
|Rank : 94/141|
|Score : 4.68/10|
|Rank : 12/180|
|Score : 77/100|
|Rank : 19/133|
|Score : 56/100|