Xeltox Enterprises Ltd. fined CA$177M by FINTRAC
- Amount
- CA$176,960,190
- ≈ $126M at the notice date
- Regulator
- FINTRAC
- Financial Transactions and Reports Analysis Centre of Canada
- Date
- Country
- Canada
- Crypto
What happened
Xeltox Enterprises Ltd., also operating as Cryptomus and previously known as Certa Payments Ltd., a money services business incorporated in British Columbia, was imposed an administrative monetary penalty of $176,960,190 on October 16, 2025, for committing 2,593 contraventions of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act across 6 types of violations. Xeltox Enterprises Ltd. has appealed the penalty to the Federal Court.
Violations
Controls that catch this
- Transaction Monitoring: scenario coverage, alert review and SAR workflow
- Customer risk assessment that blocks or escalates high-risk onboarding
- Case management with an audit trail for every decision
Sources
- Regulator's notice Official
Doing business with Xeltox Enterprises Ltd.? Check the company and its owners against sanctions lists for free.
Run a sanctions checkRelated fines
| 24 Sep 2026 | Caisse populaire acadienne ltée | FINTRAC | CA$676,500 |
| 24 Sep 2026 | Caisse populaire Alliance limitée | FINTRAC | CA$82,500 |
| 24 Sep 2026 | Pathwise Credit Union | FINTRAC | CA$41,250 |
| 24 Sep 2026 | Your Neighbourhood Credit Union Limited | FINTRAC | CA$16,500 |
| 3 Sep 2026 | The New Brunswick Lotteries and Gaming Corporation | FINTRAC | CA$399,712.5 |
Figures and summaries come from the regulator's published notice or, where noted, press reports. Penalties can be reduced, appealed or combined with other agencies' actions. Last reviewed by our compliance team: 27 Oct 2026.