Canada Hits Cryptomus with C$177 Million Fine For Sanction Evasion and Money Laundering
Cryptomus, a cryptocurrency exchange based in British Columbia, has been fined a record C$176.96 million (USD 126.2 million) by Canada’s Financial Transactions and Reports Analysis Center (FINTRAC). This penalty marks the largest fine ever issued by FINTRAC and is a direct result of the exchange’s failure to comply with anti-money laundering (AML) and sanctions regulations. […]