FINTRAC Imposes $148,912 Penalty on Century 21 Heritage Group Ltd

Canada FINTRAC News & Advisories

Filed February 10th, 2026

Detected March 13th, 2026

Summary

FINTRAC has imposed an administrative monetary penalty of $148,912.50 on Century 21 Heritage Group Ltd. for failing to submit a suspicious transaction report. This action highlights the agency's commitment to enforcing anti-money laundering and anti-terrorist financing regulations.

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What changed

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has imposed an administrative monetary penalty of $148,912.50 on Century 21 Heritage Group Ltd., a real estate brokerage with multiple locations in Ontario. The penalty, issued on December 10, 2025, stems from a compliance examination that found the company failed to submit a suspicious transaction report when there were reasonable grounds to suspect transactions were related to money laundering or terrorist financing activities, a violation of Part 1 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.

This enforcement action serves as a critical reminder for real estate brokerages and other businesses subject to FINTRAC regulations. Companies must ensure robust compliance regimes are in place, including timely and accurate reporting of suspicious transactions. Failure to comply can result in significant financial penalties, underscoring the importance of diligent adherence to anti-money laundering and anti-terrorist financing laws to protect Canada's economy and security.

What to do next

Review internal policies and procedures for suspicious transaction reporting.
Ensure all staff are trained on identifying and reporting suspicious activities.
Verify compliance with all obligations under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated Regulations.

Penalties

$148,912.50

Source document (simplified)

FINTRAC imposes an administrative monetary penalty on Century 21 Heritage Group Ltd.

News release

February 10, 2026 — Ottawa

FINTRAC announced today that it has imposed an administrative monetary penalty on Century 21 Heritage Group Ltd. Following a compliance examination, this real estate brokerage with locations in Thornhill, Alliston, Newmarket, Richmond Hill, Bradford, Hamilton, Simcoe, Milton and Kingston, Ontario, was imposed an administrative monetary penalty of $148,912.50 on December 10, 2025, for non-compliance with Part 1 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated Regulations.

Century 21 Heritage Group Ltd. was found to have committed the following administrative violation:

Failure to submit a suspicious transaction report where there were reasonable grounds to suspect that transactions were related to a money laundering or terrorist activity financing offence.

Quote

“Canada’s Anti-Money Laundering and Anti-Terrorist Financing Regime is in place to protect the safety of Canadians and the security of Canada’s economy. FINTRAC works with businesses to help them understand and comply with their obligations under the Act. We are also firm in ensuring that businesses continue to do their part and we will take appropriate actions when they are needed.”

Quick facts

As Canada's financial intelligence unit and anti-money laundering and anti-terrorist financing supervisor, FINTRAC ensures that businesses subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act comply with their obligations under the Act and associated Regulations. The Centre also analyzes information and discloses financial intelligence to law enforcement and national security agencies to assist their investigations of money laundering, terrorist activity financing, sanctions evasion and threats to the security of Canada.
Casinos, financial entities, money services businesses, real estate brokers and sales representatives and several other business sectors are required under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act to keep certain records, identify clients, maintain a compliance regime and report certain financial transactions to FINTRAC, including international electronic funds transfers, large cash transactions, large virtual currency transactions and suspicious transactions.
Suspicious transaction reporting, in particular, is critical to FINTRAC’s ability to generate actionable financial intelligence for Canada’s law enforcement and national security agencies.
Under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, administrative monetary penalties are meant to encourage change in the non-compliant behaviour of businesses.
In 2024–25, FINTRAC issued 23 Notices of Violation of non-compliance to businesses, the largest number in one year in the Centre’s history, for a total of more than $25 million.
FINTRAC has imposed more than 150 penalties across most business sectors since it received the legislative authority to do so in 2008.