CIBC fined $1.3M for failing to comply with money laundering and terrorist financing rules
Canada's financial intelligence agency says it has levied a $1.3-million penalty against CIBC for non-compliance with money laundering and terrorist financing measures.
![CIBC fined $1.3M for failing to comply with money laundering and terrorist financing rules](https://i.cbc.ca/1.6389731.1701978718!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/cibc-logo.jpg)
![CIBC sign,Canadian Imperial Bank of Commerce, logo, Bay Street, banking, Toronto, Ontario, CRD Apr 14 2015, (David Donnelly/CBC) Pedestrians walk in front of a CIBC logo](https://i.cbc.ca/1.6389731.1701978718!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/cibc-logo.jpg)
Canada's financial intelligence agency says it has levied a $1.3-million penalty against CIBC for non-compliance with money laundering and terrorist financing measures.