Category Archives: FINTRAC

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How Cryptocurrency Turns to Cash in Russian Banks

A financial firm registered in Canada has emerged as the payment processor for dozens of Russian cryptocurrency exchanges and websites hawking cybercrime services aimed at Russian-speaking customers, new research finds. Meanwhile, an investigation into the Vancouver street address used by this company shows it is home to dozens of foreign currency dealers, money transfer businesses, […]

Canada’s anti-money laundering agency hit by a cyber attack

Canada’s national anti-money laundering agency has been hit by a cyber attack. The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) said Tuesday that over the last 24 hours it has been managing a cyber incident. “The incident does not involve the centre’s intelligence or classified systems,” it said in a statement. “As a […]