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Canada fines Xeltox Enterprises a record C$176.9 million for massive crypto anti‑money‑laundering failures

Canada's financial watchdog has issued a record fine of C$176.9 million ($126 million) against Xeltox, the company known publicly as Cryptomus, for what the Financial Transactions and Reports Analysis Centre of Canada (Fintrac) calls "an unprecedented anti-money-laundering failure." The regulators also reportedly discovered that the company didn't file mandatory reports for more than 1,500 crypto [...]

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