What kind of violations does FINTRAC publicly list?

FINTRAC, the Financial Transactions and Reports Analysis Centre of Canada, publicly lists serious or very serious violations. This approach helps promote transparency and compliance within the financial sector. By highlighting these significant breaches, FINTRAC aims to deter misconduct and ensure that businesses adhere to important regulations related to anti-money laundering and terrorist financing. Serious violations typically involve substantial lapses that could have considerable implications for the integrity of the financial system.

The emphasis on serious or very serious violations underscores the organization's focus on fostering a secure financial environment and ensuring that stakeholders are aware of significant compliance issues that could affect public trust and safety.