Fintrac imposes more than $600K penalty on First Nations Bank of Canada

OTTAWA – Canada’s anti-money laundering agency has imposed a penalty of more than $600,000 on First Nations Bank of Canada for violations under the country’s anti-money laundering laws.

Fintrac imposed an administrative penalty of $601,139.80 on Sept. 22 for five violations found during a compliance examination.

The regulator says the bank failed to submit suspicious transaction reports in 31 per cent of the case files it reviewed where there were reasonable grounds to suspect transactions were related to money laundering or terrorist activity financing.

Share

Vaughan, Ont., resident fires gun to stop Lamborghini theft, charged alongside 4 suspects: police

A Vaughan, Ont., resident who fired a gun at five suspects who were attempting to steal a white Lamborghini has been charged, police say.

York Regional Police were called to Pine Heights Drive, near Major MacKenzie Drive West and Highway 400, at approximately 4 a.m. Thursday for a report of a vehicle theft in progress.

While an emergency dispatcher was on the phone with the caller, police said, the sound of gunshots was heard. It’s unclear who made the 911 call.

Share

I survived one execution. Now Alabama wants to kill me with nitrogen

Paid $1,000 to kill a pastor’s wife 35 years ago, Kenneth Eugene Smith is now the first inmate to face suffocation by being forced to inhale the gas

Kenneth Eugene Smith should not be alive to tell his story. Ten months ago he was strapped to a gurney in the death chamber at Alabama’s Holman Correctional Facility. An intravenous line was inserted into his left arm to pump him full of deadly chemicals. Later, he claims, his face was covered and a man with a huge syringe stabbed him repeatedly in the chest in an unsuccessful search for a usable vein. Eventually, four hours after Smith entered the room, his executioners gave up trying to kill him.

But the state of Alabama has not admitted defeat. Smith, 58, is now facing a fresh attempt to end his life with a controversial method that has never been used before: forcing the prisoner to inhale pure nitrogen.

Share