By Jody Godoy
Federal prosecutors in Manhattan charged cryptocurrency exchange KuCoin on Tuesday with violating US anti-money laundering laws, allowing billions of dollars in illicit funds to be transferred since its founding in 2017.
Seychelles-based KuCoin is one of the world’s largest cryptocurrency exchanges. Prosecutors said the exchange sought business from US customers without registering with the US Treasury Department and putting in place procedures to verify clients’ identities as required by US law.
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