Operator Aml Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)· Canada · 2025-10-22

FINTRAC imposes an administrative monetary penalty on Xeltox Enterprises Ltd.

→ Certa Payments Ltd.

FINTRAC imposed an administrative monetary penalty of CAD 176,960,190 on Xeltox Enterprises Ltd. (operating as Cryptomus, previously Certa Payments Ltd.) on October 16, 2025 following a compliance examination that found multiple violations of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, including failures to submit suspicious transaction reports, failures to report large virtual currency transactions, failure to comply with a Ministerial Directive, and deficiencies in compliance policies and risk assessments.

Amount (EUR)

€120,332,929

Original currency

CAD 176,960,190

Action date

2025-10-22

Authority

Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

Country

Canada

Primary source:
https://fintrac-canafe.canada.ca/new-neuf/nr/2025-10-22-eng ↗

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