FINTRAC announced today that it has imposed an administrative monetary penalty on HRA Group Holdings, also operating as HRA Group. Following a compliance examination, this dealer in precious metals and stones, headquartered in Vancouver, British Columbia, was imposed an administrative monetary penalty of $132,000 on June 2, 2025, for non-compliance with Part 1 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated Regulations.
News release: https://fintrac-canafe.canada.
Public notice: https://fintrac-canafe.canada.
