The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has imposed an administrative monetary penalty of CAD 23,100 on 9321-0599 Québec Inc., operating as Les Immeubles Star / Star Realty, following a compliance examination of the real estate brokerage in Brossard, Quebec. The penalty was imposed on July 2, 2025 for non-compliance with Part 1 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated regulations. FINTRAC cited failures to develop and apply up-to-date written compliance policies and procedures approved by a senior officer, and to assess and document money laundering and terrorist financing risk using prescribed factors. The release also reiterates that administrative monetary penalties are intended to encourage behavioural change, noting that FINTRAC issued 23 notices of violation in 2024–25 totalling more than CAD 25 million and has imposed more than 150 penalties since gaining the authority in 2008.
Financial Transactions and Reports Analysis Centre of Canada 2025-11-20
Financial Transactions and Reports Analysis Centre of Canada imposes CAD 23,100 administrative monetary penalty on Les Immeubles Star / Star Realty for compliance regime breaches
FINTRAC imposed a CAD 23,100 penalty on 9321-0599 Québec Inc., operating as Les Immeubles Star / Star Realty, for non-compliance with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. The brokerage failed to maintain updated compliance policies and assess money laundering risks. FINTRAC emphasizes that penalties encourage compliance, having issued 23 violation notices in 2024–25 totaling over CAD 25 million.