Canada Slaps Cryptomus with $126M Fine for Massive AML Failures

TLDR: FINTRAC fined Cryptomus $126M for failing to report 2,500+ suspicious crypto transactions tied to criminal activity. The fine, imposed on October 16, 2025, is the largest ever under Canada’s money laundering legislation. FINTRAC said Cryptomus ignored ministerial directives and failed to update its AML policies and risk assessments. Regulators linked some unreported transactions to [...]

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