Seychelles crypto service provider fined in Canada over darkweb transaction activity

Canadian financial intelligence unit FINTRAC has continued its recent aggressive stance towards anti-money laundering/counter financing of terrorism (AML/CFT) rule-breakers, fining a Seychelles-incorporated money services business CA$536,853 (US$390,000) over failings including not filing reports on transactions linked to suspected child abuse.

By Keith Nuthall, in Ottawa

Canadian financial intelligence unit (FIU) FINTRAC has continued its recent aggressive stance towards anti-money laundering/counter financing of terrorism (AML/CFT) rule-breakers, fining a Seychelles-incorporated money services business CA$536,853 (US$390,000) over failings including not filing reports on transactions linked to suspected child abuse. [1]