#AML

U.S. Sanctions Two Crypto Exchanges for Facilitating Cybercrime and Money Laundering

by

September 27, 2024 at 04:42AM The U.S. government sanctioned cryptocurrency exchanges Cryptex and PM2BTC and unsealed an indictment against a Russian national for money laundering services to cybercriminals. The action, part of Operation Endgame, led to the seizure of €7 million ($7.8 million) worth of cryptocurrency. Rewards were announced for information leading to the arrests … Read more

KuCoin charged with AML violations that let cybercriminals launder billions

by

March 27, 2024 at 10:10AM The US Department of Justice has charged cryptocurrency exchange KuCoin and its founders for failing to comply with anti-money laundering requirements, allowing illicit use of the platform. The indictment claims KuCoin knowingly allowed US users to trade without fulfilling AML obligations. This non-compliance resulted in the movement of at least … Read more