KuCoin's Parent Company Penalized $14.09 Million by FINTRAC for AML Violations
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Sep 26 2025FINTRAC Penalty: Peken Global Limited, the parent company of KuCoin, was fined CAD 19.6 million by Canada's Financial Transactions and Reports Analysis Centre (FINTRAC) for significant anti-money laundering (AML) violations, marking the largest penalty issued by FINTRAC to date.
Market Impact: Despite the fine, there has been no immediate market shock observed on core crypto assets, with only a slight decline in KuCoin Token (KCS) and stability in major cryptocurrencies like ETH and BTC, indicating operational resilience amid increasing regulatory scrutiny in the cryptocurrency industry.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
