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 a 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 a not filing reports on transactions linked to suspected child abuse. [1]