Canada issues record $177 million fine to Vancouver crypto exchange

Cryptomus didn't flag suspicious transactions linked to money laundering of proceeds connected to child sex abuse materials

Zak Vescera

22 Oct 2025 • 4 min read

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Canada's financial intelligence agency says Vancouver-based Cryptomus failed to report thousands of transactions that may have involved sanctions evasion and money laundering linked to fraud, ransomware and child sex abuse material. (Cryptomus/LinkedIn)

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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