Canada Fines Cryptomus Operator $176.9m for Money-Laundering Violations

Canada’s anti-money laundering regulator has imposed a record administrative monetary penalty of C$176.96 million ($130 million) on Xeltox Enterprises Ltd., the operator of cryptocurrency platform Cryptomus, for “egregious and systemic” violations of the country’s financial crime laws. The Financial Transactions and Reports Analysis Centre of... Read More