Commerciale I.C. - Pacific Inc. fined CA$224K by FINTRAC
- Amount
- CA$224,235
- ≈ $164K at the notice date
- Regulator
- FINTRAC
- Financial Transactions and Reports Analysis Centre of Canada
- Date
- Country
- Canada
- Money services business
What happened
Commerciale I.C. - Pacific Inc., also operating as I.C. - Pacific Trading Inc., a money services business, in Montréal, Quebec, was imposed an administrative monetary penalty of $224,235 on September 2, 2025, for committing 5 violations. Commerciale I.C. - Pacific Inc. has appealed the decision to the Federal Court.
Violations
Controls that catch this
- Transaction Monitoring: scenario coverage, alert review and SAR workflow
- Customer risk assessment that blocks or escalates high-risk onboarding
- Case management with an audit trail for every decision
Sources
- Regulator's notice Official
Doing business with Commerciale I.C. - Pacific Inc.? Check the company and its owners against sanctions lists for free.
Run a sanctions checkRelated fines
| 24 Sep 2026 | Caisse populaire acadienne ltée | FINTRAC | CA$676,500 |
| 24 Sep 2026 | Caisse populaire Alliance limitée | FINTRAC | CA$82,500 |
| 24 Sep 2026 | Pathwise Credit Union | FINTRAC | CA$41,250 |
| 24 Sep 2026 | Your Neighbourhood Credit Union Limited | FINTRAC | CA$16,500 |
| 3 Sep 2026 | The New Brunswick Lotteries and Gaming Corporation | FINTRAC | CA$399,712.5 |
Figures and summaries come from the regulator's published notice or, where noted, press reports. Penalties can be reduced, appealed or combined with other agencies' actions. Last reviewed by our compliance team: 27 Oct 2026.