Canada's anti-money laundering agency said Thursday that it has fined Peken Global Limited, the operator of crypto exchange KuCoin, CA $19.6 million (US $14.09 million).
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) said Seychelles-based Peken Global was not registered as a foreign currency services business, did not report large virtual currency transactions 10,000 Canadian dollars or more, and did not file suspicious transaction reports, a requirement that all Financial Institution Groups must meet. This is the largest fine ever issued by FINTRAC. (Reuters)
Canada's anti-money laundering agency fined KuCoin's parent company about $14 million
2025-09-25 14:46:35
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