Canada: Financial Transactions and Reports Analysis Centre's investigation into KuCoin over alleged violation of business registration requirements
Progress
Current status
in force
25 Sep 2025 in force
Scope
Implementers
Canada
Policy Area
Authorisation, registration and licensing
Policy Instrument
Business registration requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
other regulatory body
Implementation Level
national
Timeline of events
Financial Transactions and Reports Analysis Centre issued fine of CAD 19.5 million against KuCoin over violation of business registration requirements
On 25 September 2025, the Financial Transactions and Reports Analysis Centre (FINTRAC) imposed an administrative monetary penalty of CAD 19. 552 million on Peken Global Limited, also operating as KuCoin, for non-compliance with Part 1 of the Proceed…
SourceEvent type
investigation
Action type
ruling
Government branch
executive
Government body
other regulatory body