LATEST: FINTRAC revokes registrations of 32 money service businesses for failing to comply with AML/CFT regulations

latest:-fintrac-revokes-registrations-of-32-money-service-businesses-for-failing-to-comply-with-aml/cft-regulations


By Elizabeth Hearst for AMLi

Canada’s financial regulator FINTRAC has revealed it has revoked the registrations of 32 money services businesses between April and September 2022. 

In a statement, FINTRAC said the firms did not meet the requirements set out in Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA). 

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The post LATEST: FINTRAC revokes registrations of 32 money service businesses for failing to comply with AML/CFT regulations appeared first on AML Intelligence.

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