CanadaThe Financial Transactions and Reports Analysis Centre of Canada issued a summary of its financial intelligence disclosures.
The government of Canada updated its sanctions regulations pertaining to Russia by adding new prohibitions under section 3.9 of the legislation.
Austrian bank’s legal appeal rejected, former Privatbank manager fined for AML violations, and more, in the weekly roundup.
Midweek Roundup: FinCEN Issues ATM Advisory, Australian FIU Chief Voices FATF Concerns, and More
EU officials target Russia’s gold purchases, Vancouver lawyer suspended for AML failures, and more, in the midweek roundup.
The Financial Transactions and Reports Analysis Centre of Canada imposed a fine of CA$ $33,000 on the Montréal, Canada-based money services business for noncompliance with its anti-money laundering and counterterrorist financing obligations.
The Financial Transactions and Reports Analysis Centre of Canada imposed an administrative monetary penalty of CA$ 222,750 on the Vancouver-based precious metals and stones dealer for noncompliance with the Canadian law against money laundering and terrorist financing.
| Technical | Effectiveness |
|---|---|
| Compliant : 11 | High : 0 |
| Largely Compliant : 23 | Substantial : 5 |
| Partially Compliant : 5 | Moderate : 5 |
| Non-Compliant : 1 | Low : 1 |
Canada's technical compliance was re-rated in a Oct. 1, 2021 follow-up report
| Rank : 34/110 |
| Score : 4.67/10 |
| Rank : 11/179 |
| Score : 77/100 |
| Rank : 19/133 |
| Score : 56/100 |