
Alex Henry
10:01 PM・Mar 26, 2024
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United States Justice Department officials unsealed an indictment against cryptocurrency exchange KuCoin and two of its founders for “conspiring to operate an unlicensed money transmitting business” and violations of the Bank Secrecy Act, or BSA.
In a March 26 announcement, the U.S. Department of Justice said KuCoin founders Chun Gan and Ke Tang had willfully failed to maintain an Anti-Money Laundering program at the exchange, leading to the platform being used for “money laundering and terrorist financing.” The company itself was charged with operating an unlicensed money-transmitting business and violating the BSA.
