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FINTRAC fines Global Currency Exchange over C$70k

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Photo: Grant Faint/Getty Images

Catherine Ollinger

1 min read
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The latest in the Canadian financial regulator’s string of AML/CFT enforcement actions.

Multiple violations of anti-money-laundering regulations have resulted in an administrative monetary penalty of C$70,537.50 ($50,558) for Ontario-based money services business Global Currency Exchange. The penalty was announced by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) on December 2.

Global Currency Exchange, billed as 2294235 Ontario Inc, is located in

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