FINTRAC imposes an administrative monetary penalty on Peken Global Limited
Quote from Taylor Warden on September 25, 2025, 4:58 pmFINTRAC imposes an administrative monetary penalty on Peken Global Limite
FINTRAC announced today that it has imposed an administrative monetary penalty on Peken Global Limited, also operating as KuCoin. This Seychelles-incorporated foreign money services business operating in Canada was imposed a penalty of $19,552,000 on July 28, 2025, for non-compliance with Part 1 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated Regulations.
News release: https://fintrac-canafe.canada.ca/new-neuf/nr/2025-09-25-eng
Public notice: https://fintrac-canafe.canada.ca/pen/amps/pen-2025-09-25-eng
FINTRAC imposes an administrative monetary penalty on Peken Global Limite
FINTRAC announced today that it has imposed an administrative monetary penalty on Peken Global Limited, also operating as KuCoin. This Seychelles-incorporated foreign money services business operating in Canada was imposed a penalty of $19,552,000 on July 28, 2025, for non-compliance with Part 1 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated Regulations.
News release: https://fintrac-canafe.canada.ca/new-neuf/nr/2025-09-25-eng
Public notice: https://fintrac-canafe.canada.ca/pen/amps/pen-2025-09-25-eng