The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) imposed an administrative monetary penalty of CAD 149,886 on 1135233 B.C. Ltd., operating as LeHomes Realty Premier, for non-compliance with Part 1 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated regulations. FINTRAC found violations including failing to submit a suspicious transaction report when there were reasonable grounds to suspect money laundering, weaknesses in compliance governance and policies, inadequate risk assessment of products, delivery channels, geography and clients, incomplete training and documentation, and failures in client identification record-keeping. FINTRAC stated the penalty will be paid in full and the case is closed.
Financial Transactions and Reports Analysis Centre of Canada 2025-11-20
Financial Transactions and Reports Analysis Centre of Canada fines Vancouver real estate brokerage 1135233 B.C. Ltd. CAD 149,886 for anti-money laundering compliance failures
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) fined 1135233 B.C. Ltd., operating as LeHomes Realty Premier, CAD 149,886 for breaches of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. Violations included failure to report suspicious transactions, inadequate compliance governance, and insufficient client identification record-keeping. The penalty has been paid, and the case is closed.