Canada's anti-money laundering agency said on Thursday it had imposed a C$19.6 million ($14.09 million) penalty on Peken Global Limited, the operator of one of the world's largest cryptocurrency exchanges KuCoin. The agency, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), said Seychelles-based Peken Global failed to register as a foreign money services business, failed to report large virtual currency transactions of C$10,000 or more and did not submit suspicious transaction reports, a requirement for all financial institutions. The company did not immediately respond to a request for ... (full story)