Crypto desks ‘knowingly’ help launder money, government report says

Intelligence report finds businesses facilitating sanctions evasion, drug dealing

20 Jul 2026 • 5 min read

A golden sign advertises a Bitcoin ATM outside a store in Halifax.

Fintrac believes many cryptocurrency brokers are knowingly flouting anti-money laundering laws and helping clients evade international sanctions, particularly those against Iran. (Andrew Vaughn/Canadian Press)

Zak Vescera

Zak is a Vancouver-based reporter focusing on white-collar crime in British Columbia. He previously reported for The Tyee and The Saskatoon StarPhoenix.

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