Canada’s anti-money laundering agency announced that it had imposed a fine of nearly C$6 million ($4.38 million) on cryptocurrency exchange Binance for violating money laundering and terrorist financing laws. This comes on the heels of the cryptocurrency trading platform’s embattled case with the Nigerian government over similar charges of alleged money laundering amounting to $35 million. According to Reuters, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) stated that Binance had failed to register as a foreign money services business with the intelligence body despite multiple deadlines. It added that Binance, which ceased operations in Canada last year, had n
Hence then, the article about canada fines binance 4 38 million for money laundering violations amid probe in nigeria was published today ( ) and is available oncanadian news today ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Canada fines Binance $4.38 million for money laundering violations amid probe in Nigeria )