THE AMERICA ONE NEWS
Jun 6, 2025  |  
0
 | Remer,MN
Sponsor:  QWIKET 
Sponsor:  QWIKET 
Sponsor:  QWIKET: Elevate your fantasy game! Interactive Sports Knowledge.
Sponsor:  QWIKET: Elevate your fantasy game! Interactive Sports Knowledge and Reasoning Support for Fantasy Sports and Betting Enthusiasts.
back  
topic
National Post
National Post
17 Dec 2024


NextImg:Ottawa to boost money-laundering penalties by 40 times to $20M

OTTAWA — The federal government says it plans to boost penalties for money laundering by 40 times as part of several measures it wants to roll out to crack down on the issue.

The proposal would see the maximum administrative penalty against banks and other reporting entities rise to $20 million per violation, up from $500,000.

As outlined in the fall economic statement Monday, the government also plans to increase fines for criminal offences by 10 times and provide more guidance on jail terms.