RCMP Seizes Record $56M in Cryptocurrency with FINTRAC Assistance
action_requiredCanada·Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)·Wire Summary
An investigation by the Royal Canadian Mounted Police Money Laundering Investigative Team (MLIT) has led to the seizure of more than $56 million dollars in cryptocurrency — the largest crypto seizure in Canadian history. The investigation found that the business involved failed to register with FINTRAC as a money services business. The cryptocurrency exchange platform has been dismantled by Canadian law enforcement.
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