The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has imposed an administrative monetary penalty of CAD 148,912.50 on Century 21 Heritage Group Ltd., an Ontario real estate brokerage, 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 administrative violation was a failure to submit a suspicious transaction report where there were reasonable grounds to suspect transactions were related to a money laundering or terrorist activity financing offence. The penalty was imposed on 10 December 2025 and relates to the firm’s brokerage locations in Thornhill, Alliston, Newmarket, Richmond Hill, Bradford, Hamilton, Simcoe, Milton and Kingston, Ontario. FINTRAC reiterated that suspicious transaction reporting is critical to its financial intelligence function and noted that administrative monetary penalties are intended to encourage changes in non-compliant behaviour, adding that it issued 23 notices of violation totalling more than CAD 25 million in 2024–25 and has imposed more than 150 penalties since 2008.
Financial Transactions and Reports Analysis Centre of Canada 2026-02-10
Financial Transactions and Reports Analysis Centre of Canada imposes CAD 148,912.50 penalty on Century 21 Heritage Group for suspicious transaction reporting breach
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) fined Century 21 Heritage Group Ltd. CAD 148,912.50 for failing to submit a suspicious transaction report, violating the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. The penalty, imposed on 10 December 2025, underscores the importance of compliance in FINTRAC's financial intelligence efforts.