criminal-offences

Billionaire Frank Stronach charged with 8 more criminal counts including sexual assault, police say

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Billionaire Frank Stronach charged with 8 more criminal counts including sexual assault, police say

Canadian billionaire Frank Stronach has been charged with additional criminal offences, including sexual assault, Peel Regional Police said Wednesday. “Investigators from the Peel Regional Police, Special Victims Unit, have identified additional victims and additional charges have been laid,” Peel Const. Tyler Bell-Morena told CBC News in an emailed statement. Bell-Morena said the newly announced charges include … Read more

CIBC fined $1.3M for failing to comply with money laundering and terrorist financing rules

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CIBC fined .3M for failing to comply with money laundering and terrorist financing rules

Canada’s financial intelligence agency says it has levied a $1.3-million penalty against CIBC for non-compliance with money laundering and terrorist financing measures. The penalty is the second the Financial Transactions and Reports Analysis Centre of Canada has announced this week after RBC’s $7.4-million fine was publicized on Tuesday. The agency, known as Fintrac, says it … Read more