A cryptocurrency exchange has been fined almost $177 million — the largest-ever penalty by Canada’s financial intelligence agency — for infractions including failing to flag more than 1,000 transactions with suspected links to criminal activity.
The $176,960,190 eclipses the previous record — roughly $20 million — for a fine imposed by Fintrac. That penalty was given to Peken Global Ltd, the operator of another cryptocurrency firm, KuCoin, in September.
They have p2p exchange but it's unclear if they also offer a traditional exchange and which they are being punished for.