Published 11 days ago

Canada fines Binance $4.38 million for money laundering violations

Summary by Channel News Asia

Canada's anti-money laundering agency on Thursday said it had imposed a nearly C$6 million ($4.38 million) fine on cryptocurrency exchange Binance for violating the money laundering and terrorist financing laws.The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) said Binance had fai

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Channel News Asia

Canada fines Binance $4.38 million for money laundering violations

11 days ago·Singapore

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The Guardian Nigeria

Canada fines Binance $4.38 million for money laundering

Canada's anti-money laundering agency Thursday said it had fined cryptocurrency giant Binance to the tune of $4.38 million. The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) said Binance violated Canada's money laundering and terrorism financing laws. Binance was also accused of refusing to register its foreign money services with the country's intelligence despite […] The post Canada fines Binance $4.38 million for mone…

10 days ago·Nigeria

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Cointelegraph

Canadian regulator fines Binance $4.4M for AML and CFT violations

FINTRAC reported that Binance facilitated 5,902 separate transactions of $10,000 or more in crypto from June 2021 to July 2023 and failed to register with the regulator.

11 days ago

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Heise

Binance: Millions in fines in Canada for money laundering offenses.

The cryptocurrency exchange Binance must pay around four million euros in fines in Canada for violations of the money laundering law. Not the first case..

11 days ago·Germany

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