Canadian regulators fined Binance C$6 million for financial regulation breaches, notably failing to register as a foreign money services business and not reporting over 5,900 large crypto transactions with KYC information.
Binance previously agreed to a $4.3 billion fine in the U.S. for AML violations, and their ex-CEO was sentenced to prison for inadequate AML programs.
Binance is embroiled in legal issues in Nigeria, accused of money laundering and tax evasion, with an executive taken into custody amid the allegations.
[
add
]
[
|
|
...
]