FINTRAC

Highlights: Canada Revokes 50 MSB licenses this year, with 47 linked to crypto firms. FINTRAC cancelled 23 registrations in one action and increased enforcement speed. Regulators fined crypto platforms for failing to report transactions and meet compliance rules. Canada’s financial […]

Highlights: FINTRAC has fined KuCoin for unreported crypto transactions and missed suspicious activity alerts. KuCoin has appealed the record penalty in Canada as authorities increase enforcement before a global watchdog review. The agency cited 33 missed suspicious reports and has […]

Highlights: Binance has filed an appeal against a $4.4M fine from a Canadian regulator for alleged non-compliance with AML and CFT regulations. The crypto exchange asserts that it did not intentionally target Canadian residents with its services. Binance faces legal […]