Dramatic increase in Fintrac fines coming, but their effectiveness is less clear
https://toronto.citynews.ca/2025/12/21/dramatic-increase-in-fintrac-fines-coming-but-their-effectiveness-is-less-clear/
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Une hausse dramatique des amendes de la CANAFE s’en vient, mais l’efficacité en est moins claire
// Article en anglais //
Cryptocurrency exchange Cryptomus fined $177M for failing to report over 1,000 transactions with suspected links to criminal activity to FINTRAC.
https://www.cbc.ca/news/business/cryptomus-fined-177-million-fintrac-9.6948338
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L'échange de crypto-monnaie Cryptomus mis à l’amende 177M$ pour ne pas avoir signalé plus de 1000 transactions ayant des liens présumés avec des activités criminelles à CANAFE.
https://fintrac-canafe.canada.ca/new-neuf/nr/2025-10-22-fra
#Canada #FINTRAC #CANAFE #Crypto #Cryptocurrency #Cryptomonnaie
A cryptocurrency exchange has been slapped with a fine of almost $177 million — the largest-ever penalty by Canada's financial intelligence agency — for infractions including failing to flag more than 1,000 transactions with suspected links to criminal activity.
Edwin G. 
