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Financial Post quotes Koker Christensen in an article about Fintrac’s decision not to identify the Canadian bank fined for failing to report suspicious transactions

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“Questions arise over anti-money laundering agency’s decision not to name Canadian bank it fined $1.1 million” by Alexandra Posadzki, Financial Post Financial Post quotes Toronto lawyer Koker Christensen in an article exploring the possible explanations for Fintrac’s decision to withhold the bank’s name.


“I think that (Fintrac) probably wanted to have this information go out to send a message, and that that was considered more important than publicly naming this bank,” said Koker Christensen, a Toronto-based partner with Fasken Martineau who heads the law firm’s anti-money laundering counsel.


“Naming an institution obviously is a way of sanctioning or punishing that institution and also has some deterrence effect. … But I think that having a fine of this magnitude imposed on a bank and having that fact made public also has a deterrence effect.


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