Latest news from Huffingtonpost.com - Business feed

Latest news from Huffingtonpost.com - Business feed

  1. Manulife Fined By Canada's Money-Laundering Watchdog

    TORONTO — Manulife Financial Corp. confirmed Monday its banking unit was penalized last year after Canada's money-laundering watchdog concluded it failed to report a suspicious transaction and various money transfers. Last year, Fintrac fined the bank $1.15 million, but it withheld the bank's identity, saying it was exercising its discretion to do so. Manulife Financial issued a statement Monday saying Manulife Bank was fined for "administrative lapses." "Although we operate at the h…