Compliance & Anti-Financial CrimePage 41/42
US Department of Justice
Fintrac
FINTRAC announced today that it has imposed an administrative monetary penalty on Vision Bank Ltd., also operating as Vision Bank (Canada). This money services business in Markham, Ontario, was imposed an administrative monetary penalty of $33,000 on March 8, 2023, for non-compliance with Part 1 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and its associated Regulations.
OFAC
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating three entities and nine individuals, and identifying one presidential aircraft as blocked property, pursuant to Executive Order (E.O.) 14038. These designations build on sanctions imposed on individuals and entities in Belarus in response to the ongoing brutal crackdown against the pro-democracy movement and civil society surrounding the fraudulent August 2020 presidential election. These actions also underscore the United States’ willingness to hold the regime in Minsk to account for its complicity in the Russian Federation’s ongoing unjustified war of choice against Ukraine.