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Public notice of administrative monetary penalties

Listed below are persons or entities that have been imposed an administrative monetary penalty. Notices will remain on FINTRAC’s public website for five (5) years.

Date Description
[2022-05-12] Montecristo Jewellers Inc., a dealer in precious metals and precious stones in Vancouver, British Columbia, was imposed an administrative monetary penalty of $222,750 on February 17, 2022, for committing four violations. Montecristo Jewellers Inc. has appealed the decision to the Federal Court.
[2022-05-10] 9293-0809 Québec Inc., also operating as Groupe Sam's Globale, a real estate broker in Montréal, Quebec, was imposed an administrative monetary penalty of $101,227 on October 19, 2021, for committing six violations. 9293-0809 Québec Inc. has appealed the decision to the Federal Court.
[2022-04-29] Laurentian Bank of Canada, also operating as Banque Laurentienne du Canada, a bank in Montréal, Quebec, was imposed an administrative monetary penalty of $486,750 on February 17, 2022, for committing one administrative violation, following a compliance examination in 2020. The penalty has been paid and the case is closed.
[2022-03-22] Forest Hill Real Estate Inc., a real estate broker in Toronto, Ontario, was imposed an administrative monetary penalty of $22,770 on October 28, 2021, for committing four violations. The case is closed.
[2022-03-15] Taiwanese Canadian Toronto Credit Union Limited, a credit union in Markham, Ontario, was imposed an administrative monetary penalty of $297,000 on November 1, 2021, for committing four violations. Taiwanese-Canadian Toronto Credit Union Limited has appealed the decision to the Federal Court.
[2022-03-03] Sino Financial Ltd, also operating as Sino Financier, a money services business in Pierrefonds, Quebec, was imposed an administrative monetary penalty of $33,000 on October 25, 2021, for committing one violation. The case is closed.
[2022-01-13] Libro Credit Union Limited, also operating as Libro Credit Union, a credit union in London, Ontario, was imposed an administrative monetary penalty of $156,750 on October 12, 2021, for committing two violations. The case is closed.
[2021-12-23] Industrial and Commercial Bank of China (Canada), also operating as ICBC (Canada), ICBK (Canada) and ICBK, a bank in Toronto, Ontario, was imposed an administrative monetary penalty of $701,250 on October 4, 2021, for committing three administrative violations, following a compliance examination in 2019. The penalty has been paid and the case is closed.
[ 2021-11-04 ] Pacific Place – Arc Realty Ltd., a real estate broker in Vancouver, British Columbia, was imposed an administrative monetary penalty of $255,750 on July 27, 2021, for committing six violations. The case is closed.
[ 2021-06-25 ] Les Immeubles Diamant Diamant Inc., also operating as Diamond Diamond Real Estate Inc., a real estate broker in Montréal, Quebec, was imposed an administrative monetary penalty on March 29, 2021 for committing six violations. The amount of the applicable penalty was $50,000. The appeal to the Federal Court has been discontinued and the proceedings have ended.
[ 2021-06-11 ] HomeLife Glenayre Realty Chilliwack Ltd., a real estate broker in Chilliwack, British Columbia, was imposed an administrative monetary penalty of $59,235 on February 8, 2021, for committing five violations. The case is closed.
[ 2021-05-19 ] Magasin Château D'Ivoire Inc., also operating as Château D'Ivoire, a dealer in precious metals and stones in Montréal, Quebec, was imposed an administrative monetary penalty of $206,910 on March 1, 2021, for committing five violations. Magasin Château d'Ivoire Inc. has appealed the decision to the Federal Court.
[ 2021-03-22 ] Park Georgia Realty Ltd., a real estate broker in Vancouver, British Columbia, was imposed an administrative monetary penalty on January 25, 2021 for committing five violations. The amount of the applicable penalty was $33,371.25. The appeal to the Federal Court has been discontinued and the proceedings have ended.
[ 2021-03-18 ] RE/MAX All-Stars Realty Inc., a real estate broker in Unionville, Ontario, was imposed an administrative monetary penalty of $31,350 on January 5, 2021, for committing one violation. RE/MAX All-Stars Realty Inc. has appealed the decision to the Federal Court.
[ 2021-03-04 ] C&Z Holdings Ltd., also operating as Golden Apple, a money services business in Vancouver, British Columbia, was imposed an administrative monetary penalty of $101,969 on December 29, 2020, for committing nine violations. The case is closed.
[ 2020-11-13 ] 9197-9195 Québec Inc., also operating as Apadana Forex, Bureau de change Apadana, Conseil investissement Apadana, and Consulting Investment Apadana, a money services business in Montréal, Quebec, was imposed an administrative monetary penalty of $206,250 on July 2, 2020, for committing three violations. The case is closed.
[ 2020-11-06 ] Loto-Québec, a casino in Montréal, Quebec, was imposed an administrative monetary penalty of $147,015 on February 28, 2020, for committing three violations. The case is closed.
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