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Message: Re: Regulators at Work
2
Feb 27, 2017 07:34PM
1
Feb 27, 2017 08:04PM

Billy, a reader here said for you, "to get with it", and sent me this below.

 

 

Clement said the secrecy afforded Manulife Bank is especially unusual given that FINTRAC routinely names smaller businesses caught breaking the rules.

 

"What does that say about our regulator? Like whose pocket are they in? They need to be objective and make sure we treat everybody the same and every business the same," he said.

 

Clement says a $1.15-million fine isn't substantial enough to injure a major bank, especially if its name is protected.

 

http://www.cbc.ca/news/business/fintrac-fine-name-secret-1.3999156 

 

 

2
Feb 28, 2017 10:17AM
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