PISCATAWAY, NJ – NOVEMBER 10: Head coach Jim Harbaugh of the Michigan Wolverines coaches against the Rutgers Scarlet Knights during the third quarter at HighPoint.com Stadium on November 10, 2018 in Piscataway, New Jersey. Michigan won 42-7. (Photo by Corey Perrine/Getty Images)College football’s “hot seat” lists have gained a massive name following Week 4 of the regular season on Saturday.Michigan head coach Jim Harbaugh has joined the list of coaches who might be at risk of losing their jobs heading into the final months of the season.Here are three head coaches on the “hot seat” after Week 4.Michigan head coach Jim HarbaughLook, Michigan isn’t going to “fire” Jim Harbaugh. At least, that seems incredibly unlikely. Harbaugh starred as a player for the Wolverines and, despite a lack of big-game success, has elevated Michigan’s program back to a level that Rich Rodriguez and Brady Hoke couldn’t. Still, it might be time for both sides to move on.Michigan was embarrassed by Wisconsin at Camp Randall Stadium on Saturday afternoon. The Wolverines entered the season with Big Ten championship and College Football Playoff hopes. Those goals – while still in reach – seem unrealistic.Would Harbaugh get pushed toward an NFL head coaching job (the New York Giants, perhaps?) if Michigan disappoints the rest of the way? That seems possible now.Rutgers head coach Chris AshIf any Big Ten head coach is going to actually get fired this season, it’s going to be Chris Ash, whose Scarlet Knights fell to Boston College on Saturday.NJ.com wrote on Saturday night that Ash could be fired at some point during the regular season.Watch out for some major changes in New Brunswick.Here’s why Chris Ash might get fired before Rutgers’ season even ends | Politi https://t.co/xHmLi3NwP8 pic.twitter.com/JMujaT1mKS— NJ.com (@njdotcom) September 22, 2019Florida State head coach Willie TaggartFlorida State got a much-needed win on Saturday afternoon, but it wasn’t pretty. The Seminoles nearly blew a massive lead, before winning 35-24.Taggart’s Seminoles are now 2-2 on the season and, even with a win on Saturday, haven’t inspired a ton of optimism so far this season.Florida State might not want to move on from Taggart after just two seasons, but unless there’s a big second half of the season rally, the Seminoles could be forced to.
TORONTO – Canada’s anti-money laundering agency conducted on-site examinations of more than 800 real estate companies over four-and-a-half years and found “significant” or “very significant” deficiencies during 60 per cent of those visits, new data shows.A document obtained by The Canadian Press through an Access to Information request shows that Fintrac conducted 823 examinations of companies in the real estate sector between 2012 and mid June of this year.The federal anti-money laundering watchdog found “significant” deficiencies with the anti-money laundering and anti-terrorist financing controls at 468 of those companies, while 28 companies had “very significant” deficiencies.Meanwhile, 324 companies had only “limited” deficiencies. None of the companies were named in the document.When asked what constitutes a “limited deficiency,” the agency said it includes instances where the deficiencies are minor or the regulations are only partially being followed.According to the watchdog, an example of a significant deficiency is when there is a “excessive number” of minor deficiencies found, or a number of more severe issues.Very significant deficiencies include instances where there is an “unacceptable” number of minor and serious issues, or infractions that are “very serious” in nature.Federal anti-money laundering and anti-terrorist financing laws require companies in certain sectors — including banks, casinos and real estate firms — to identify their clients, keep records and report large cash deals and other suspicious transactions to Fintrac.There are roughly 20,000 companies in the real estate sector that fall under the regulations.If violations are found during an on-site examination, that could lead to fines of up to $100,000 per violation for individuals and up to $500,000 per violation for companies, depending on severity.However, the federal watchdog issued monetary penalties only nine times during the almost five-year time span, the document shows.When asked why more penalties weren’t issued, Fintrac said it considers several factors when deciding whether or not to fine a company. Those factors include the business’s compliance history, the seriousness of the violation and the extent to which the company has taken steps to correct the problem.There are a number of avenues the watchdog can pursue besides a fine, the agency said, such as establishing an action plan or conduction a follow-up exam.“In the nine cases identified, it was determined that the most appropriate course of action was to issue an administrative monetary penalty,” Fintrac spokeswoman Renee Bercier said in an email.“For the remainder, other enforcement actions were undertaken.”According to the federal agency’s website, Pickering, Ont.-based Countrywide Generations Realty was fined $11,440 in July 2015 for six violations including incomplete record keeping and failing to identify clients in some instances.In another case, Mississauga, Ont.-based ReMax Active Realty was fined $6,770 back in 2013 for four violations, including failing to develop and apply policies and procedures to detect money laundering.In total, Fintrac has issued 12 monetary penalties in the real estate sector since Dec. 30, 2008, though in the vast majority of instances the companies were not publicly identified.Jack Bensimon, the anti-money laundering adviser at Toronto-based Securefact, said he wasn’t surprised to hear about the results of the examinations, given the lack of knowledge about best practices amongst real estate professionals.“There are very, very few real estate brokerage firms that I’ve come across that actually have dedicated compliance staff,” Bensimon said.The low levels of compliance in the sector are problematic because real estate is highly vulnerable to money laundering, according to Bensimon.“Canada is known to be a safe haven for parking investment capital,” he said, adding that it’s fairly easy for criminals to disguise the initial source of the cash by transferring several times, a process referred to as the “layering approach.”The Canadian Real Estate Association said it has provided training for its members with regard to preventing money laundering.Pierre Leduc, a spokesman for CREA, said the organization has asked Fintrac for information about the results of examinations but the federal watchdog has not provided it.“Since we aren’t getting audit information from Fintrac we don’t know specifics of compliance challenges, which makes it incredibly difficult for us help our members address any shortcomings,” Leduc said in an email.Follow @alexposadzki on Twitter. by Alexandra Posadzki, The Canadian Press Posted Sep 14, 2016 2:00 am MDT Last Updated Sep 14, 2016 at 2:40 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Fintrac found ‘significant’ deficiencies at nearly 500 real estate firms: data