FINTRAC Imposes Administrative Monetary Penalty on The Toronto-Dominion Bank for $9,185,000
action_requiredCanada·Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)·Wire Summary
FINTRAC’s financial intelligence was recognized by the Waterloo Regional Police Service in a large-scale investment fraud investigation where one individual has been charged with money laundering. Investigators identified 23 victims from across Ontario who sustained over $1.4 million in losses. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.
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