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The US government has charged cryptocurrency exchange KuCoin and two of its founders for violating anti-money laundering laws, alleging a 'multi-billion dollar criminal conspiracy.' Manhattan federal prosecutors unveiled an indictment accusing KuCoin of failing to implement AML protocols. The Department of Justice accuses KuCoin of money laundering violations and receiving billions in suspicious funds. US prosecutors charged KuCoin and its founders for failing to comply with American AML rules, calling it a 'haven for illicit money-laundering.' The US Justice Department indicted KuCoin's founders for violating the Bank Secrecy Act, operating without a license, and evading AML laws.
Cryptocurrency exchange Kucoin broke U.S. anti-money laundering laws, the United States Department of Justice and Commodities and Futures Trading Commission charged Tuesday. https://t.co/e9sfWQ2mrg
Federal prosecutors charged cryptocurrency exchange KuCoin with violating anti-money laundering laws. Prosecutors said the exchange did not register with the Treasury department orput in place procedures to verify clients’ identities https://t.co/06LuBtwLV4 https://t.co/lvBgPz3ubm
U.S. authorities have charged crypto exchange @kucoincom with violating the Bank Secrecy Act and operating an unlicensed money transmission business. Read more: https://t.co/7bX8hvNpq5 https://t.co/Hz92tG0evG
