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Binance Fined Over $4 Million in Canada for Money Laundering Violations

Binance Fined Over $4 Million in Canada for Money Laundering Violations


Bitcoin.com
2024-05-09 22:11:41

Canada’s Financial Transactions and Reports Analysis Centre (FINTRAC) has imposed a fine of C$6 million on crypto exchange Binance for failing to comply with anti-money laundering and terrorist financing laws. This penalty, equivalent to approximately $4.4 million, was levied after Binance failed to register as a foreign money services business and neglected to report over


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