FINTRAC announced today that it has imposed an administrative monetary penalty on Norwich Real Estate Services Inc., also operating as RE/MAX Kelowna. This real estate broker in Kelowna, British Columbia, was imposed an administrative monetary penalty of $156,750 on August 28, 2023, for non-compliance with Part 1 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and its associated Regulations.
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