Federal officials did not buy the explanation of Canada's financial intelligence agency for protecting the name of the bank that violated money-laundering rules.
An internal email, released through access to information legislation, shows that FINTRAC had shared some information in advance with Canadian bankers about the $1.1-million penalty.
Canada's financial intelligence agency is refusing to release the name of a bank that violated Canada's money-laundering laws 1,225 times. The bank received a $1.1 million penalty earlier this year.