2025-10-23
FINTRAC has imposed an administrative monetary penalty of $176,960,190 on Xeltox Enterprises Ltd. (also operating as Cryptomus), a money services business incorporated in British Columbia. For more information, consult: https://fintrac-canafe.canada.ca/ ... [image]
Canadian Press
Canada's financial crime watchdog fines crypto exchange Cryptomus a record ~$126M for infractions including failing to flag suspicious transactions
Financial regulators in Canada this week levied $176 million in fines against Cryptomus, a digital payments platform that supports dozens of Russian cryptocurrency exchanges and we...