Canada’s anti-money laundering watchdog has imposed a record fine of $126 million on Cryptomus for violations related to money laundering regulations. This significant penalty reflects the agency’s commitment to enforcing compliance within the cryptocurrency sector. The fine is part of broader efforts to address illicit financial activities and ensure that cryptocurrency exchanges adhere to established laws. The decision underscores the increasing scrutiny that cryptocurrency platforms face as regulators seek to mitigate risks associated with money laundering and other financial crimes.
