Canada's anti-money laundering regulator said it had imposed a C$176.9 million ($126.14 million) fine on money services business Xeltox Enterprises Limited, the largest-ever penalty doled out by the agency. The regulator, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), said Xeltox did not submit suspicious transaction reports when there were reasonable grounds to suspect transactions related to the laundering of money connected to trafficking in child sexual abuse material.
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