KuCoin Appeals FINTRAC Decision, Reaffirms Commitment to Compliance - BlockTelegraph

KuCoin Appeals FINTRAC Decision, Reaffirms Commitment to Compliance - Tech Startups

PROVIDENCIALES, Turks and Caicos Islands, 25th September 2025, Chainwire The post KuCoin Appeals FINTRAC Decision, Reaffirms Commitment to Compliance first appeared on Tech Startups.

KuCoin Appeals FINTRAC Decision, Reaffirms Commitment to Compliance - BlockTelegraph

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Canada’s FINTRAC Slaps $14 Million Fine On KuCoin

The post Canada’s FINTRAC Slaps $14 Million Fine On KuCoin appeared on BitcoinEthereumNews.com. Canada’s anti-money laundering agency has imposed a C$19.6 million ($14.09 million) penalty on Peken Global Limited, the operator of KuCoin, for failing to comply with Canadian anti-money laundering policies.  KuCoin has appealed the decision in a Canadian federal court. The exchange pleaded guilty to operating an unlicensed money-transmitting busines…

KuCoin Appeals $19.5M Fine Over AML Breaches in Canada

KuCoin appeals $19.5M fine from FINTRAC over AML breaches and reporting failures. Regulatory pressure mounts on Canada prepares for the upcoming FATF compliance review Global scrutiny grows as KuCoin faces major penalties in both Canada and the U.S. KuCoin has appealed a $19.5 million fine issued on July 28, 2025, by the Canadian government. The company is discussing the decision on both legal and procedural grounds. While the case is ongoing, K…

KuCoin Fights $19.5M FINTRAC Penalty in Federal Court

TLDR: KuCoin is appealing FINTRAC’s $19.5M penalty, calling it excessive and challenging its classification as a foreign MSB. FINTRAC found KuCoin failed to register, report large crypto transactions, and submit suspicious activity reports. The appeal was filed before Canada’s Federal Court, with KuCoin seeking a fair hearing on both procedural and legal grounds. FINTRAC reported a record 23 violation notices in 2024–25, totaling over $25M acro…