According to TechFlow, Canadian regulators fined Binance $4.3 million, accusing it of failing to register as a foreign money service business and failing to report nearly 6,000 crypto transactions exceeding $10,000 to regulators.
Previously, Binance agreed to pay a $4.3 billion fine to the United States, and former CEO Zhao Changpeng was sentenced to four months in prison for not setting up an adequate KYC/AML program. Binance is also struggling with financial regulators in Nigeria, where an executive was accused of money laundering and tax evasion. Binance CEO called for the executive's release, saying someone had previously asked to get rid of the charges with a $150 million cryptocurrency bribe.
