Search

Bitcoin Depot LLC - License Suspension and Cease and Desist Order

The Connecticut Department of Banking has issued an order summarily suspending the money transmission license of Bitcoin Depot LLC. The order also includes a temporary cease and desist, a requirement for restitution and disgorgement, and notice of intent to revoke and refuse renewal, citing multiple alleged violations of state statutes.

Bank of Canada Issues Revised Compliance Order to XTM Inc.

The Bank of Canada has issued a revised temporary compliance order to XTM Inc. This order authorizes XTM to resume retail payment activities under the supervision of a court-appointed Monitor, subject to specific terms and conditions.

Bank of Canada Orders XTM Inc. to Cease Retail Payment Activities

The Bank of Canada has issued an immediate compliance order to XTM Inc. and its affiliates, prohibiting them from conducting retail payment activities or processing transactions from the AnyDay platform. This action was taken due to serious concerns about XTM's safeguarding of client funds.

FMA Fines Private Person €9,000 for Delayed Proprietary Trading Notification

The Austrian Financial Market Authority (FMA) imposed a EUR 9,000 fine on a supervisory board member for failing to notify about proprietary trading within the required three business days. This action stems from a breach of the Market Abuse Regulation (MAR).

Bitcoin Depot Operating LLC Administrative Order

The Connecticut Department of Banking has added a new administrative order for Bitcoin Depot Operating LLC, dated March 9. This action pertains to the company formerly known as LUX Vending LLC.

International Operation Disrupts Crypto Fraud and Aids Victims

An international law enforcement operation, Operation Atlantic, has been launched by agencies in the US, UK, and Canada to disrupt crypto fraud, specifically 'approval phishing' scams. The operation aims to identify and assist victims, recover stolen funds, and raise public awareness about cryptocurrency investment scams.

Canada Revenue Agency - Bookkeeper Convicted for GST/HST Evasion

The Canada Revenue Agency announced that Aeddy Leung, a bookkeeper from Surrey, British Columbia, received a conditional sentence order and probation for willfully evading nearly $1 million in GST/HST. Leung pleaded guilty to filing false returns and failing to file returns for hotels he managed.

OSC charges Rumble, Dziedzic, Foss with fraud over $11 million

The Ontario Securities Commission (OSC) has charged Ryan Rumble, Michael Dziedzic, and Justin Foss with fraud over $5,000 and other offenses. The charges relate to Banknote Capital Inc., where the individuals allegedly defrauded investors of over $11 million between November 2020 and August 2023.

Project Glacier Dismantles Criminal Organization, Six Charged

ALERT's Project Glacier investigation concluded with six individuals charged for drug trafficking and organized crime offences in Grande Prairie. Over $283,000 in drugs and cash were seized, including firearms.

Director Sentenced for Tax Evasion and Fined $128,101

The Canada Revenue Agency announced that Henry Grant Wetelainen, a director of a Thunder Bay mining company, was sentenced to a conditional sentence and fined $128,101 for tax evasion. The investigation revealed significant undeclared income and unremitted GST/HST.