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INSIGHT: Canada fines five real estate firms for AML failings – what businesses can learn

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The flag of Canada flies in front of the Peace Tower on Parliament Hill in Ottawa, Ontario, Canada, March 22, 2017. REUTERS/Chris Wattie

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NEWS: Bank of America agrees to pay $72.5 million to settle Epstein accusers’ lawsuit

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NEWS: Cambodia extradites former Huione chair, accused of money laundering, to China

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LATEST: Dutch prosecutors widen Rabobank AML probe

By SARAH BETH FELIX, Special Correspondent

FINTRAC, Canada’s FIU, has published five different monetary penalties today against various real estate firms.

These 5 combined penalties, while the total amount is >CAD$500,000 ($355,000) have some interesting lessons learned for the host of real estate firms (title cos, brokerages, real estate reps, and so on) in Canada.

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NEWS: Bank of America agrees to pay $72.5 million to settle Epstein accusers’ lawsuit

 Premium

NEWS: Cambodia extradites former Huione chair, accused of money laundering, to China

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LATEST: Dutch prosecutors widen Rabobank AML probe

Regulatory Watch News

  • Greece: New developments in EPPO’s probe into large-scale agricultural subsidy fraud

    European Public Prosecutor's Office

    (Luxembourg, 1 April 2026) – Today, in accordance with the procedures laid down by the EPPO Regulation and the Hellenic national law, the European Chief Prosecutor requested to the Hellenic Parliament the lifting of immunity of 11 active Members of Parliament in an investigation into an alleged organised fraud scheme involving agricultural funds. Five former Members of Parliament are also under investigation. In parallel, the European Public Prosecutor’s Office (EPPO) in Athens (Greece) has referred to the Hellenic Parliament information regarding alleged involvement of a former Minister and a Deputy Minister of Rural Development and Food.

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    Australia Federal Police

    Ruthless scammers posing as would-be saviours are tapping into brazen new techniques to drain the banking and cryptocurrency accounts of everyday Australians. The Joint Policing Cybercrime Coordination Centre (JPC3), which draws on banking industry intelligence, is lifting the lid on the bold tactics used at every step of the scamming playbook. These range from trying to replicate the hold music used by banks to audacious tag-team conversations that concurrently call banks and victims to bypass security checks.

  • OFSI General Licences INT/2022/2300292 and INT/2022/2009156 amended

    OFSI

    On 31 March 2026, the General Licence INT/2022/2300292, Payments to Utility Companies for Gas and Electricity by UK Designated Persons who Own or Rent Properties in the UK was amended to to permit all forms of utility payment, including cash. Any persons intending to use General Licence INT/2022/2300292 should consult the copy of the Licence for full details of the permissions and usage requirements

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