Operator Aml Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)· Canada · 2026-02-05

FINTRAC imposes an administrative monetary penalty on Commerciale I.C. - Pacific Inc.

→ I.C. - Pacific Trading Inc.

FINTRAC imposed an administrative monetary penalty of CAD 224,235 on Commerciale I.C. - Pacific Inc. (also operating as I.C. - Pacific Trading Inc.) following a compliance examination for violations of Part 1 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and Regulations. Violations included failure to report electronic funds transfers within five working days, lack of written compliance policies and procedures, failure to assess and document risk and prescribed reviews, and failure to comply with a Ministerial Directive.

Amount (EUR)

€152,480

Original currency

CAD 224,235

Action date

2026-02-05

Authority

Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

Country

Canada

Primary source:
https://fintrac-canafe.canada.ca/new-neuf/nr/2026-02-05-eng ↗

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