RBC handed $7.4M penalty from financial intelligence agency

Canada's financial intelligence agency has levied a $7.4-million penalty against the Royal Bank of Canada for non-compliance with anti-money laundering and terrorist financing measures.

RBC handed $7.4M penalty from financial intelligence agency
A woman walks in front of an RBC sign in downtown Toronto.

Canada's financial intelligence agency has levied a $7.4-million penalty against the Royal Bank of Canada for non-compliance with anti-money laundering and terrorist financing measures.