Reported by The Canadian Press (Excerpt shared below. To read full report, go to: https://www.cbc.ca/news/business/cryptomus-fined-177-million-fintrac-9.6948338) A cryptocurrency exchange has been slapped with a fine of almost $177 million — the largest-ever penalty by Canada’s financial intelligence agency — for infractions including failing to flag more than 1,000 transactions with suspected links to criminal activity. The […]

Reported by Martin Arnold, Ellesheva Kissin and Suzi Ring (Excerpt shared below. To read full report, go to: https://www.ft.com/content/4deb8a5d-003c-446d-b0ad-38b18aa71c2b) UK law firms and accountants are pushing back against plans for the Financial Conduct Authority to supervise them for the first time as part of a shake-up in the system for fighting money laundering in professional services. The Treasury […]