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KuCoin pleads guilty in US to unlicensed money transmission charge

( January 27, 2025, 22:43 GMT | Official Statement) -- MLex Summary: Peken Global Ltd, a Seychelles-based entity that, since at least September 2019, has operated KuCoin, one of the largest cryptocurrency exchanges in the world, pleaded guilty to one count of operating an unlicensed money transmitting business. KuCoin flouted US anti-money laundering laws by failing to implement effective anti-money laundering and know-your-customer programs, failing to report suspicious transactions, and failing to register with the US Treasury Department's Financial Crimes Enforcement Network, prosecutors said.Statement follows below. Document attached....

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