Canada’s anti-money laundering agency has fined the company that runs major cryptocurrency exchange KuCoin nearly $20 million, citing violations of Canadian money-laundering laws.
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) imposed an administrative monetary penalty of $19,552,000 against Peken Global Limited, which operates as KuCoin, for three non-compliance violations, the agency said in a Sept. 25 news release.
