FINTRAC, Canada’s anti-money laundering regulator, has levied a record fine of $126.14 million against Xeltox Enterprises Limited. This hefty penalty stems from the company’s failure to submit suspicious […]
Canada Fines Crypto Firm $126 Million Over Money Laundering Violations
Canadian authorities have imposed the largest-ever administrative penalty on a cryptocurrency platform, fining Cryptomus C$176.96 million (USD$126 million) for widespread failure to report suspicious transactions. The Financial Transactions […]
FINTRAC Fines Xeltox Enterprises C$176.9 Million for AML Violations
Xeltox Enterprises Ltd. has been fined a record-breaking C$176.9 million by Canada’s Financial Transactions and Reports Analysis Centre (FINTRAC) for failing to report suspicious activities. The penalty reflects […]
Record Fine for Crypto Firm Cryptomus after Failing to Report Suspicious Transactions
Canadian cryptocurrency firm Cryptomus, operating under the name Xeltox Enterprises Ltd., has been slapped with a record-breaking fine of $177 million CAD (approximately $126 million USD) by Canada’s […]