Tag Archives: DrugRelated

Crypto Exchanges Under Scrutiny as Canada Cracks Down On Drug-Related Money Laundering

Crypto Exchanges Under Scrutiny as Canada Cracks Down On Drug-Related Money Laundering

Canada appears to be tightening its surveillance of cryptocurrency transactions as part of an ongoing effort to combat money laundering linked to synthetic opioids—hard drugs. The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) recently issued an alert pointing out how digital assets are being used to “clean illicit funds tied to fentanyl and opioid trafficking.” This alert marks …

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