Regulatory Alerts2025-05-06
FINTRAC imposes an administrative monetary penalty on Immeubles Village Pointe-Claire Inc
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) issued a $36,360 administrative monetary penalty to Quebec real estate broker Immeubles Village Pointe-Claire Inc for violating anti-money laundering regulations following a 2022 compliance examination. The enforcement action addresses specific failures to implement written compliance policies, maintain ongoing staff training programs, and properly verify and record customer and entity identities under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. The penalty was paid in full to conclude the proceedings, underscoring FINTRAC’s commitment to enforcing regulatory compliance across Canada’s financial and real estate sectors.
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