Primary Capital Inc. fined CA$93K by FINTRAC
- Amount
- CA$93,390
- ≈ $68K at the notice date
- Regulator
- FINTRAC
- Financial Transactions and Reports Analysis Centre of Canada
- Date
- Country
- Canada
- Broker-dealer
What happened
Primary Capital Inc., an exempt market securities dealer headquartered in Toronto, Ontario, designated as a securities dealer, was imposed an administrative monetary penalty of $93,390 on May 15, 2025, for committing 4 violations. The administrative monetary penalty has been paid in full and proceedings have ended.
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
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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.