Canadian Imperial Bank of Commerce Rotten Score Breakdown
💼Corporate Misconduct
No documented evidence
Avg Rating: —Ratings: 0Severity Score: 0.00Evidence Count: 0Contribution: 0.0 pts
📰Human Rights & Exploitation
No documented evidence
Avg Rating: —Ratings: 0Severity Score: 0.00Evidence Count: 0Contribution: 0.0 pts
🎭Fraud & Corruption
No documented evidence
Avg Rating: —Ratings: 0Severity Score: 0.00Evidence Count: 0Contribution: 0.0 pts
🧪Deceptive Practices
No documented evidence
Avg Rating: —Ratings: 0Severity Score: 0.00Evidence Count: 0Contribution: 0.0 pts
🚨Environmental Harm
No documented evidence
Avg Rating: —Ratings: 0Severity Score: 0.00Evidence Count: 0Contribution: 0.0 pts
🌱Sustainability Deception
No documented evidence
Avg Rating: —Ratings: 0Severity Score: 0.00Evidence Count: 0Contribution: 0.0 pts
💸Workplace Misconduct
No documented evidence
Avg Rating: —Ratings: 0Severity Score: 0.00Evidence Count: 0Contribution: 0.0 pts
⚠️Financial Misconduct
No flavor assigned
Avg Rating: 5.00Ratings: 1Severity Score: 6.00Evidence Count: 1Contribution: 30.0 pts
Misconduct: low 0 · medium 0 · high 1
Remediation: low 0 · medium 0 · high 0ⓘ cap: 25%
FINTRAC imposed a $1.329 million anti-money-laundering compliance penalty on CIBC
FINTRAC imposed an administrative monetary penalty of $1,329,150 on Canadian Imperial Bank of Commerce on October 23, 2023. The violations concerned failure to submit a suspicious-transaction report where required and failure to include prescribed information in electronic-funds-transfer reports. CIBC paid the penalty and the proceedings ended. FINTRAC expressly states that administrative monetary penalties are not criminal charges for money laundering or terrorist financing. Primary source: https://fintrac-canafe.canada.ca/new-neuf/nr/2023-12-07-eng