28 Feb 2017
Published in News

Canada: Manulife revealed as bank fined $1.15M for violating anti-money laundering reporting rules

The head of Canada’s financial crime watchdog agency is second-guessing his decision last year to withhold the name of a bank — which CBC Investigates has identified as Manulife Bank of Canada — fined $1.15 million for not reporting hundreds of transactions it was obligated to report under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.