Canada Slams Cryptomus with Record C$177M Fine Over Massive AML Lapses

Canada’s financial intelligence unit, FINTRAC, has imposed its largest penalty ever, levying a C$176.96 million (approx. $126.2 million USD) fine against crypto exchange Cryptomus for egregious violations of anti-money laundering (AML) and terrorist financing laws. The operator, registered as Xeltox Enterprises Ltd. and based in British Columbia, faces the historic fine after investigations revealed systemic […] Read The Full Article Canada Slams Cryptomus with Record C$177M Fine Over Massive AML Lapses On Coin Edition.