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FINTRAC Penalizes Griffin Jewellery Designs Inc. CAD 771,000 for Major FINTRAC Compliance Failures
Griffin Jewellery Designs Inc. has been hit with a CAD 771,000 penalty after FINTRAC uncovered extensive shortcomings in the company’s anti–money laundering controls. Operating across multiple Canadian provinces, the retailer was examined for its adherence to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, and the findings revealed deep-rooted structural failures rather than isolated mistakes. The case, now closed following full payment of the penalty, s
17 hours ago4 min read
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