Canada Imposes $6M Fine on Binance for AML Violations
FINTRAC, a financial regulator in Canada, fines Binance $6,002,000 for breaching anti-money laundering and anti-terrorist financing laws. The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) announced a $6 million fine for Binance Holdings Limited’s violation of the country’s anti-money laundering and anti-terrorist financing laws in a press release on May 9. According to…