Canada Fines KuCoin $14M for Anti-Money Laundering Failures
Canada’s monetary intelligence company has fined the operator of KuCoin C$19.6 million (US$14.09 million), the biggest anti-money laundering penalty within the nation’s historical past. Key Takeaways: Canada’s FINTRAC fined KuCoin a report C$19.6 million for failing to adjust to anti-money laundering guidelines. The alternate is accused of neglecting to report practically 3,000 giant crypto transactions…
