U.S. Government Charges KuCoin with AML Violations
One of the world’s top cryptocurrency exchanges faces new criminal charges from the U.S. government.
On Tuesday, U.S. federal prosecutors in Manhattan formally charged KuCoin and its two founders (both Chinese nationals) with violating U.S. anti-money laundering (AML) laws. Prosecutors allege that KuCoin operated in the U.S. without proper registrations, failed to maintain appropriate KYC and AML programs, and lied to investigators about its U.S. operations.
