Author: Koker Christensen

Koker Christensen, Financial Institutions Lawyer

About Koker Christensen

Koker Christensen is Co-Leader of the Firm’s Financial Institutions Group, based in Toronto.

FINTRAC fines Canadian bank with no name a fistful of dollars

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), the federal agency responsible for the detection, prevention and deterrence of money laundering and terrorist financing, has, for the first time, imposed an administrative monetary penalty on a Canadian bank. The penalty of more than $1.1-million comes at a time of increased scrutiny of Canadian financial institutions and financial transactional crime as a result of the publication of the Panama Papers.

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