On Tuesday, Canada's financial intelligence agency, the Financial Transaction and Reporting Analysis Centre (FINTRAC), took concentrated enforcement action against 23 money services businesses (MSBs) providing cryptocurrency-related services, revoking all their registrations in one fell swoop, marking a further escalation of anti-money laundering regulations in Canada. The reasons for the revocation included failure to respond to information requests in a timely manner, failure to meet registration requirements, and failure to update relevant records in a timely manner, among other compliance violations. (Decrypt)