FINTRAC fines Century 21 Heritage Group Ltd. $148,912.50 for reporting breach

What happened

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) said it imposed an administrative monetary penalty on Century 21 Heritage Group Ltd. following a compliance examination.

FINTRAC said the penalty totals $148,912.50 and was imposed on Dec. 10, 2025.

Who is affected

FINTRAC identified Century 21 Heritage Group Ltd. as a real estate brokerage with locations in Thornhill, Alliston, Newmarket, Richmond Hill, Bradford, Hamilton, Simcoe, Milton and Kingston, Ontario.

Basis for the penalty

FINTRAC said the company was found to be non-compliant with Part 1 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated regulations.

FINTRAC said the administrative violation was a failure to submit a suspicious transaction report when there were reasonable grounds to suspect transactions were related to a money laundering or terrorist activity financing offense.

What FINTRAC said

“Canada’s Anti-Money Laundering and Anti-Terrorist Financing Regime is in place to protect the safety of Canadians and the security of Canada’s economy,” FINTRAC Director and CEO Sarah Paquet said in the release. “FINTRAC works with businesses to help them understand and comply with their obligations under the Act. We are also firm in ensuring that businesses continue to do their part and we will take appropriate actions when they are needed.”