Compliance Radar
Who was sanctioned, and for what?
Fines, court rulings and incidents from Europe and North America: 756 cases from 32 jurisdictions, each with an official source and checked against that source before publication. Filter by country, area of law and sector. Click a chart to drill down one level.
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Where?
by authority- Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) €108.5m 100 % · 2 cases
What for?
by area of lawAll areas of law
Who?
by companyWhen?
per quarter, by date of decision| Period | Cases | Total |
|---|---|---|
| Q3 2023 | 0 | — |
| Q4 2023 | 0 | — |
| Q1 2024 | 0 | — |
| Q2 2024 | 0 | — |
| Q3 2024 | 0 | — |
| Q4 2024 | 0 | — |
| Q1 2025 | 0 | — |
| Q2 2025 | 0 | — |
| Q3 2025 | 0 | — |
| Q4 2025 | 1 | €108.1m |
| Q1 2026 | 1 | €434,295 |
| Q2 2026 | 0 | — |
| Q3 2026 | 0 | — |
2 cases
27 Mar 2026 13010431 Canada Inc. (Necosmart)FINTRAC: 693,742 CAD against crypto service provider Necosmart over missing suspicious transaction reports €434,295
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) imposed 693,742.50 CAD on the Edmonton money services business, which also exchanges virtual currencies, for five violations: repeated failure to file suspicious transaction reports, lack of written compliance policies, insufficient enhanced measures for high-risk transactions, lack of a risk assessment and incomplete records of occupation and transactions for crypto exchanges.
Small crypto exchange offices need the same basic framework as banks: risk analysis, policies, enhanced scrutiny and reporting.
Recognising and reporting grounds for suspicion in crypto exchange
- Authority / court
- Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)
- Area of law
- Money laundering and terrorist financing · Suspicious activity reports
- Legal basis
- Proceeds of Crime (Money Laundering) and Terrorist Financing Act, Part 1, und zugehörige Verordnungen
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
- Published
- 14 May 2026
Original amount 693,742.5 CAD, converted at the ECB reference rate of 27 Mar 2026.
- FINTRAC imposes an administrative monetary penalty on 13010431 Canada Inc. Press release of an authority
- Public notice of administrative monetary penalties Enforcement database of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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16 Oct 2025 Xeltox Enterprises Ltd. (Cryptomus)FINTRAC: record penalty of 177 million CAD against crypto payment service Cryptomus €108.1m
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) imposed 176,960,190 CAD on the crypto payment service registered in British Columbia. In July 2024 alone, 1,068 suspicious transaction reports were not filed – including on transactions linked to child sexual abuse material, fraud, ransomware and sanctions evasion – as well as 1,518 reports of large virtual currency transactions; in addition, there were violations of a ministerial directive and a lack of policies and risk assessment. The company has appealed to the Federal Court.
Crypto services without a functioning reporting system are sanctioned per report not filed – the total can threaten their existence.
- Authority / court
- Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)
- Area of law
- Money laundering and terrorist financing · Suspicious activity reports
- Legal basis
- Proceeds of Crime (Money Laundering) and Terrorist Financing Act, Part 1, und zugehörige Verordnungen
- Action
- Fine
- Status of proceedings
- under appeal
- Sector
- Financial services and insurance
- Published
- 22 Oct 2025
Original amount 176,960,190 CAD, converted at the ECB reference rate of 16 Oct 2025.
- FINTRAC imposes an administrative monetary penalty on Xeltox Enterprises Ltd. Press release of an authority
- Public notice of administrative monetary penalties Enforcement database of an authority
Checked against the official source on 25 Sep 2026 · Direct link