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FINTRAC imposes an administrative monetary penalty on RE/MAX All-Stars Realty Inc.

2021-03-18 ]

RE/MAX All-Stars Realty Inc., a real estate broker in Unionville, Ontario, was imposed an administrative monetary penalty of $31,350 on January 5, 2021 for committing one violation. The violations were found during the course of a compliance examination in 2019. RE/MAX All-Stars Realty Inc. has appealed the decision to the Federal Court.

Nature of violation

Violation #1 – Failure to provide, in accordance with a notice, documents or other information reasonably required by an authorized person – PCMLTF Act 63.1(2)

RE/MAX All-Stars Realty Inc. failed to provide, in accordance with a notice, most of the requested compliance program documentation for purposes of a compliance examination.

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