Binance fined Can$6m for registration and reporting breaches

Cryptocurrency exchange Binance was issued with a Can$6,002,000 (US$4,386,350) financial penalty by FINTRAC, the Canadian financial intelligence unit, on 9 May, for anti-money laundering breaches before it ceased operations in the country on 25 September 2023.

Cryptocurrency exchange Binance was issued with a Can$6,002,000 (US$4,386,350) financial penalty by FINTRAC, the Canadian financial intelligence unit, on 9 May [2024], for anti-money laundering breaches before it ceased operations in the country on 25 September 2023.