Taiwanese Canadian Toronto Credit Union Limited

Why it is here

Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) — administrative monetary penalty (4 violations of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act; the amount of the applicable penalty was $175,000. The appeal to the Federal Court has been discontinued and the proceedings have ended), from 15 March 2022.

Administrative monetary penalty imposed by FINTRAC, Canada's financial intelligence unit, for violations of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act — the anti-money-laundering duties of banks, casinos, real estate, money services and other reporting businesses.

Details

Company

Taiwanese Canadian Toronto Credit Union Limited

Authority

Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

Decision

Administrative monetary penalty

Grounds and details, as published

4 violations of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act; the amount of the applicable penalty was $175,000. The appeal to the Federal Court has been discontinued and the proceedings have ended

From

15 March 2022

Until

—

Status

End date not published

Source

https://fintrac-canafe.canada.ca/pen/4-eng

Licence

Public notice — FINTRAC (Government of Canada)