Reuters | Canada's anti-money laundering agency imposes C$7.5 million penalty on RBC
In below article from Reuters, Toronto, Dec 5 (Reuters) - Canada's anti-money laundering agency on Tuesday said it had imposed a C$7.5 million ($5.52 million) fine on Royal Bank of Canada (RY.TO) for failure to submit suspicious transaction reports, a first of its kind for Canada's biggest bank.
Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) said the administrative monetary penalty was imposed on Nov 3 following a compliance examination in 2022....
Canada's anti-money laundering agency imposes C$7.5 million penalty on RBC
