RBC fined $7.5M after Fintrac says bank failed to report suspicious transactions
Canada's financial intelligence agency has levied a $7.5-million penalty against the Royal Bank of Canada, saying the institution failed to report suspicious transactions.
![RBC fined $7.5M after Fintrac says bank failed to report suspicious transactions](https://globalnews.ca/wp-content/uploads/2023/12/rbc.jpeg?quality=85&strip=all#)
Canada's financial intelligence agency has levied a $7.5-million penalty against the Royal Bank of Canada, saying the institution failed to report suspicious transactions.