An undercover investigation revealed that both registered and unregistered crypto platforms in Canada have exploited the country’s regulatory loopholes and facilitated violations of Anti-Money Laundering (AML) rules.

Canada’s Crypto-Cash Service Compliance Concerns

On Monday, CBC News shared a joint investigation with Radio-Canada, the Toronto Star, and La Presse, as part of a global reporting effort named The Coin Laundry from the Washington-based International Consortium of Investigative Journalists.

Reporters unveiled that multiple exchanges in Canada and offshore are reportedly evading local financial laws by offering crypto-to-cash services without proper registration or ID verification.

According to the news media outlet, the country’s long-standing problem with illicit funds

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