Crypto News: Canada Fines Cryptomus Record $126M for AML Violations

Canada fines Cryptomus a record $126 million for severe anti-money laundering (AML) violations, setting a firm regulatory precedent. Canada’s financial intelligence agency imposed a record fine on crypto platform Cryptomus. Fintrac fined Xeltox Enterprises Ltd. C$176.96 million. This action was aimed at the broad non-compliance with the anti-money laundering laws. The company’s failures threatened the … Continue reading Crypto News: Canada Fines Cryptomus Record $126M for AML Violations