Cathay Pacific Realty Ltd.

Why it is here

Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) — administrative monetary penalty (penalty $206,250; 5 violations of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act; Cathay Pacific Realty Ltd. has appealed the decision to the Federal Court), from 25 July 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

Cathay Pacific Realty Ltd.

Authority

Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

Decision

Administrative monetary penalty

Grounds and details, as published

penalty $206,250; 5 violations of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act; Cathay Pacific Realty Ltd. has appealed the decision to the Federal Court

From

25 July 2022

Until

—

Status

End date not published

Source

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

Licence

Public notice — FINTRAC (Government of Canada)