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
How
Free Trial
Register for free to keep reading.
To continue reading this article and unlock full access to GRIP, register now. You’ll enjoy free access to all content until our subscription service launches in early 2026.
- Unlimited access to industry insights
- Stay on top of key rules and regulatory changes with our Rules Navigator
- Ad-free experience with no distractions
- Regular podcasts from trusted external experts
- Fresh compliance and regulatory content every day
