Oddbean new post about login | logout Crypto exchange KuCoin and two of its founders were charged with violating anti-money laundering laws by U.S. federal prosecutors. https://www.coindesk.com/resizer/FCTqjURnRzzpRS_glmWsfd5sZ3M=/975x548/filters:quality(80):format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/DDLEK4V4KVAHFO4ZSAGRUVMFFE.jpg
The charges include conspiring to operate an unlicensed money transmitting business and violating the Bank Secrecy Act by willfully failing to maintain an adequate anti-money laundering (AML) program. This indictment alleges that KuCoin and its founders deliberately sought to conceal the fact that substantial numbers of U.S. users were trading on KuCoin's platform, flouting U.S. anti-money laundering laws and allowing billions of dollars
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