Crypto Exchange KuCoin Violated Anti-Money Laundering Laws, U.S. ChargesThe exchange was charged under the Bank Secrecy Act.
——Generated by ChatGPT"Indeed, KuCoin allegedly took advantage of its sizeable U.S. customer base to become one of the world’s largest cryptocurrency derivatives and spot exchanges, with billions of dollars of daily trades and trillions of dollars of annual trade volume," he said. ". As alleged, in failing to implement even basic anti-money laundering policies, the defendants allowed KuCoin to operate in the shadows of the financial markets and be used as a haven for illicit money laundering, with KuCoin receiving over $5 billion and sending over $4 billion of suspicious and criminal fund #kucoin #TradeSmart" #positivevibe #BinanceSquareCreator #Binance
