The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) imposed an administrative monetary penalty of CAD 67,150 on Juba Express Inc., a money services business in Toronto, Ontario, following a compliance examination that found non-compliance with Part 1 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated Regulations. The penalty was imposed on 29 August 2025. FINTRAC identified failures to develop and apply up-to-date written compliance policies and procedures, and to assess and document money laundering and terrorist financing risks using prescribed factors. It also found failures to file required reports for electronic funds transfers of CAD 10,000 or more and large cash transactions of CAD 10,000 or more, as well as a failure to submit a notification of change to the business’s money services business registration. FINTRAC also noted that it issued 23 Notices of Violation in 2024–25 totalling more than CAD 25 million, and that it has imposed more than 150 penalties across most business sectors since receiving the authority to do so in 2008.
Financial Transactions and Reports Analysis Centre of Canada 2025-12-11
Financial Transactions and Reports Analysis Centre of Canada imposes CAD 67,150 penalty on Juba Express for anti-money laundering compliance failures
FINTRAC fined Juba Express Inc. CAD 67,150 for non-compliance with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, citing inadequate compliance policies, failure to assess money laundering risks, and failure to report large transactions. FINTRAC issued 23 Notices of Violation in 2024–25, totaling over CAD 25 million, and imposed over 150 penalties since 2008.