The Daily Delta - Canadian AML & Financial Crime News
September 24, 2026
Featured
FINTRAC
FINTRAC has announced administrative monetary penalties against four credit unions in the financial entities sector, totaling $816,750 for 10 violations of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated Regulations. The largest penalty, $676,500, was imposed on Caisse populaire acadienne ltée, operating as UNI Financial Cooperation, for three violations. Caisse populaire Alliance limitée was fined $82,500 for four violations, Pathwise Credit Union $41,250 for two violations, and Your Neighbourhood Credit Union Limited $16,500 for one violation. The penalties were imposed between June and August 2026, have all been paid in full, and each case is closed.
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