The Crypto exchange Kucoin pays a fine of $ 297 million to the US government that comes from compliance with.
Peken Global Limited, the company that operates in Seychelles, is guilty of exploiting a company with money trans measurement, according to a new press release from the US Attorney’s Office for the Southern District of New York.
The American attorney Danielle R. Sassoon says that the exchange has not adequately maintained an adequate anti -money washing program (AML) program and did not succeed in reporting suspicious transactions.
“As a result, Kucin was used to facilitate billions of dollars in suspicious transactions and to send potential criminal yields, including revenues from DarkNet markets and malware, ransomware and fraud schemes. Today’s guilty plea and fines show the costs of refusing to follow these laws and allow unlawful activities to take place. “
Kucin has agreed to forfeit $ 184.5 million criminal and to pay a fine of $ 112.9 million, and the company will leave the American market for at least two years.
Two of the founders of the fair, Chun Gan and Ke Tang, each agreed to forfeit around $ 2.7 million in funds. Neither of the founders will play a role in the management or activities of Kucin in the future.
Kucin is the 17th largest crypto exchange in the world in terms of monthly visits, according to data from Coingecko.
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