Fintrac says Binance Holdings failed to register with the federal anti-money laundering agency as a foreign money services business.
Due to the sensitive and/or legal subject matter of some of the content on globalnews.ca, we reserve the ability to disable comments from time to time. Fintrac says Binance failed to register with the agency as a foreign money services business.
It also says the company failed to report large virtual currency transactions of $10,000 or more in the course of a single transaction, together with the prescribed information.Fintrac chief executive Sarah Paquet says the agency will continue to work with businesses to help them understand and comply with their obligations.
In November, the company agreed to pay a roughly US$4-billion settlement in the U.S. after breaking U.S. anti-money laundering and sanction laws.Toronto’s offices are emptying out. The city wants to know what to do with themWhooping cough outbreak declared in eastern NewfoundlandToronto Pearson gold heist: Ontario man arrested at airport after arriving from India
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