Toronto area crypto shops caught in sustained crackdown by money-laundering watchdog - Toronto Star

AI Briefing

• – Toronto area crypto shops face crackdown by Canada's anti-money laundering watchdog, dozens of crypto firms have had their registrations revoked, as the country intensifies its efforts to combat money laundering.
• – The Financial Consumer Agency of Canada is working to strengthen the Anti-Money Laundering (AML) regime in the country's financial system, with a focus on the crypto industry.
• – The crackdown is seen as a significant development in Canada's efforts to combat money laundering and terrorist financing, with the country's financial watchdog pulling 47 crypto licenses in 2026.