Binance Fined Over $4 Million in Canada for Money Laundering Violations
![](https://cryptonewsworld.org/wp-content/uploads/6_news_bytes-1-1024x576-1-768x432-1.jpg)
Canada’s Financial Transactions and Reports Analysis Centre (FINTRAC) has imposed a fine of C$6 million on crypto exchange Binance for failing to comply with anti-money laundering and terrorist financing laws. This penalty, equivalent to approximately $4.4 million, was levied after Binance failed to register as a foreign money services business and neglected to report over […]