Federal anti-money laundering agency penalized B.C. accounting firm in July
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Hey there, time traveller!
This article was published 09/10/2025 (248 days ago), so information in it may no longer be current.
OTTAWA – Canada’s anti-money laundering agency says a British Columbia accounting firm has paid more than $72,000 for failing to “assess and document” money laundering and terrorist financing risks.
Fintrac says DMCL Chartered Professional Accountants also failed to keep up to date compliance policies.
It says the $72,750 administrative penalty was imposed in July for non-compliance with the proceeds of crime and terrorist financing law, and the firm has paid the fine in full.
The centre says the firm, which has offices in Vancouver, Surrey, Port Coquitlam and Victoria, didn’t properly “institute and document” a periodic review of its compliance program.
A statement from the accounting firm says it takes the violations identified by Fintrac seriously and is committed to complying with anti-money laundering regulations.
DMCL partner Matthew Gosden says in the statement that the firm took “immediate action” to fix its policies and procedures when Fintrac informed the firm about the violations earlier this year.
This report by The Canadian Press was first published Oct. 9, 2025.