Canada’s anti-money laundering (AML) regulator fined Toronto-based real estate firm Jones Lang Lasalle $107,827 Canadian dollars (U.S. $77,632) for six violations of its anti-money laundering rules, after discovering gaps in recordkeeping and reporting requirements for know your customer (KYC) rules.

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) announced the fine, saying that JLL violated Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated regulations.

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Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:...