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Midweek Roundup: France Deepens Binance Investigation, KuCoin Pleads Guilty, and More

French authorities expanded a criminal investigation into suspected money laundering, tax fraud and other offenses by Binance, the world's largest cryptocurrency exchange, Reuters reported. More Seychelles-based cryptocurrency exchange KuCoin pleaded guilty in New York to operating an unlicensed money transmitting business and agreed to pay $297 million in penalties, Bloomberg reported. More Analysts told ACAMS moneylaundering.com that prosecutors in the Southern District of New York will likely continue their crackdown on offshore cryptocurrency exchanges that flout U.S. anti-money laundering rules under the second Trump administration. More Germany's AML supervisor launched a review of how financial institutions mitigate the illicit finance-related...

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