KuCoin, co-founders indicted in US for conspiring to operate unlicensed money-transmitting business, Bank Secrecy Act violations
( March 26, 2024, 20:11 GMT | Official Statement) -- MLex Summary: Global cryptocurrency exchange KuCoin and two of its founders, Chun Gan and Ke Tang, have been charged with conspiring to operate an unlicensed money transmitting business and conspiring to violate the Bank Secrecy Act by willfully failing to maintain an adequate anti-money laundering program. KuCoin was also charged with operating an unlicensed money transmitting business and a substantive violation of the Bank Secrecy Act. Statement and indictment follow below:...
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