Canada’s Anti-Money Laundering Watchdog, Fintrac, Levies Record $126M Fine on Cryptomus
The Financial Transactions and Reports Analysis Centre of Canada (Fintrac) said it fined Xeltox Enterprises Ltd. (which operates as cryptocurrency platform Cryptomus), a record C$176.96 million ($126 million) for widespread compliance failures under federal anti-money laundering and counter-terrorist financing laws. The fine related to over… Read More
