MIT 4 RISK

A B.C. real estate brokerage has been granted the opportunity to appeal a $156,750 fine for non-compliance with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act…..

https://mit4risk.com/blog/biv-bc-remax-brokerage-wins-right-appeal-156k-anti-money-laundering-fine

A federal regulator responsible for combating money laundering and terrorist financing has flagged concerns over inconsistent reporting of suspicious transactions by Canadian banks.

Blacklock's Reporter says the Financial Transactions and Reports Analysis Centre (FINTRAC) cited "foundational weaknesses" in compliance efforts across the sector.....

https://mit4risk.com/blog/western-standard-canadian-banks-fall-short-anti-money-laundering-compliance

The Finance Department says mortgage fraud and money laundering are getting worse in Canada as delayed new laws are set to take effect on Oct. 1, 2025 affecting realtors and title insurers, reports Blacklock’s Reporter.....

https://mit4risk.com/blog/toronto-sun-feds-say-canadian-real-estate-highly-vulnerable-money-laundering

We are delighted to inform you that we are moving to a new office location. Our new address is Room A, 1/F, Unit 4, 234 Mason Road, Stratford.

https://mit4risk.com/blog/we-are-moving-stratford

Prime Minister Justin Trudeau says the federal government is “concerned” about the actions of TD Bank’s U.S. subsidiaries that led to a historic US$3-billion plea deal to settle money laundering charges this month.

https://mit4risk.com/blog/global-news-trudeau-concerned-about-td-banks-actions-us-money-laundering-case

Toronto-Dominion Bank employees need to take more accountability and act with more urgency on risks, chief executive Bharat Masrani said, after the Canadian bank was rocked by sweeping money-laundering investigations in its U.S. business.

https://mit4risk.com/blog/financial-post-money-laundering-probes-show-need-better-accountability-td-chief

Police and the British Columbia Securities Commission say they have delivered warnings to 10 suspected “money mules” in an effort to fight investment fraud aimed at people in the province.

A joint statement issued by the commission and RCMP says investigators have hand-delivered warning letters to people in Metro Vancouver who were suspected of transferring funds on behalf of criminals......

https://mit4risk.com/blog/city-news-bc-police-deliver-warnings-10-suspected-money-mules

Canada’s financial intelligence agency says it has levied a $9.2-million penalty against The Toronto-Dominion Bank for non-compliance with money laundering and terrorist financing measures as the bank also faces compliance investigations in the U.S......

https://mit4risk.com/blog/global-news-td-bank-hit-92m-fine-over-failing-report-suspicious-transactions

Toronto-Dominion Bank chief executive Bharat Masrani took a pay cut last year over the lender’s scuttled acquisition of First Horizon Corp. and the United States probe it faces over anti-money-laundering controls.

https://mit4risk.com/blog/financial-post-td-bank-ceo-takes-pay-cut-over-anti-money-laundering-probe

B.C. Premier David Eby has no plans to establish an independent office for AML policy and enforcement; and a new house flipping tax is no 'silver bullet.'

https://mit4risk.com/blog/vancouver-awesome-bc-premier-ditches-chief-anti-money-laundering-recommendation