FINTRAC imposes record $125 million penalty on British Columbia crypto firm for anti-money laundering failures | Brief news

By Oscar Gonzalez2025-10-24T16:45:00 Canada’s Financial Intelligence Agency has imposed the toughest sanctions ever imposed on a cryptocurrency exchange, a fine of $126 million (C$176.9 million). The agency said the exchange’s compliance failures represented a “serious violation of Canada’s anti-money laundering framework.” The Financial Transactions and Reports Analysis Center of Canada (FINTRAC) has imposed a record…

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Crackdown on Crypto ATM Scam

GREEN BAY, Wis. (WBAY) – The FBI says people lost nearly $250 million to cryptocurrency ATM scams in 2024. This is more than double the previous year. People lose thousands of dollars a day on cryptocurrency machines due to romance scams, imposter scams, or financial scams. An investigation by ABC’s Good Morning America showed a…

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