FINTRAC Imposes Administrative Monetary Penalty on Binance Holdings Limited for $6,002,000
action_requiredCanada·Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)·Wire Summary
FINTRAC’s financial intelligence was recognized by the Ontario Securities Commission and the Durham Regional Police Service in Project Swan, a joint investigation where a self-proclaimed “Crypto King” has been charged with fraud and money laundering. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.
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