The Globe and Mail reports in its Thursday edition that Canada's anti-money-laundering watchdog has levied its largest-ever penalty -- more than $176-million -- against cryptocurrency exchange Cryptomus for failing to flag transactions allegedly linked to serious crimes. The Globe's Alexandra Posadzki writes that FinTRAC announced the fine against B.C.-based Xeltox Enterprises Ltd., which operates as Cryptomus, on Wednesday. FinTRAC said it conducted a compliance examination and found that the exchange had failed to file suspicious transaction reports on 1,068 separate occasions in July, 2024. The watchdog said Cryptomus neglected to flag transactions for which there were "reasonable grounds to suspect" that the money had been obtained through fraud, the trafficking of child-abuse material, sanctions evasion and ransomware payments. It is not the first time that Cryptomus has run into regulatory trouble. In May, the B.C. Securities Commission temporarily banned Cryptomus after obtaining evidence that the exchange may have violated the province's registration requirements. Platforms that allow Canadians to buy and sell crypto assets such as bitcoin or ether are required to register with provincial securities regulators.