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Operator

Spence Diamonds Ltd.

Tracked across 2 regulatory actions from authority publications.
Moderate
10.3
Risk Score
€488,064
Fines (lifetime)
2
Total actions
2025-09-23
Most recent
1
Distinct authorities
How this risk score is calculated: we sum (log-scaled fine amount + action-type severity) for every published action against this entity, then apply 1-year exponential time decay so older actions weigh less. Range: Low (<5), Moderate (5–15), High (15–40), Severe (>40). Risk reflects regulatory exposure on the public record, not internal compliance posture.

▮ 12-Month Activity 2 actions · peak 2/mo

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Action timeline

Aml Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) · Canada · 2025-09-23

FINTRAC imposes an administrative monetary penalty on Spence Diamonds Ltd.

FINTRAC imposed an administrative monetary penalty of CAD 264,000 on Spence Diamonds Ltd. (also operating as Spence Diamonds) on May 8, 2025, following a compliance examination that found multiple violations of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, including failures to submit suspicious transaction reports, maintain written compliance policies and training, assess and document ML/TF risk, and conduct prescribed reviews. The penalty will be paid in full and proceedings have ended.

Risk contribution: +5.13 (severity 6 · decay 0.451) €244,032
Aml Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) · Canada · 2025-09-23

FINTRAC imposes an administrative monetary penalty on Spence Diamonds Ltd.

FINTRAC imposed an administrative monetary penalty of CAD 264,000 on Spence Diamonds Ltd. (also operating as Spence Diamonds) on May 8, 2025, following a compliance examination that found multiple violations of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, including failures to submit suspicious transaction reports, maintain written compliance policies and training, assess and document ML/TF risk, and conduct prescribed reviews. The penalty will be paid in full and proceedings have ended.

Risk contribution: +5.13 (severity 6 · decay 0.451) €244,032
Factual reporting based on official authority publications. Risk score is a quantitative model derived from public-record actions only — it is not a credit rating, legal opinion, or recommendation. If you represent Spence Diamonds Ltd. and need a correction, contact us with the source reference.