Binance Slapped With $4.3 Million Fine By Canada’s FINTRAC

Binance Slapped With $4.3 Million Fine By Canada’s FINTRAC

Cryptonews

Crypto exchange Binance is facing a $4.3 million USD fine by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) for violating terrorist financing and money laundering laws, the Canadian regulator announced Thursday. News of the fine comes just over a week after former Binance CEO Changpeng ‘CZ’ Zhao was sentenced to four months in federal prison for violating U.S. money laundering laws.

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