[Canada Imposes Record $19.6 Million CAD Fine on KuCoin's Parent Company] The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has announced a $19.6 million CAD (approximately $14.09 million USD) fine against cryptocurrency exchange KuCoin's parent company, Peken Global Limited. The Seychelles-based company was penalized for failing to register as a foreign money services business, not reporting virtual currency transactions exceeding $10,000 CAD, and not submitting suspicious transaction reports. These actions violated compliance requirements for financial institutions in Canada, making this fine the largest penalty in FINTRAC's history.