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Crypto Exchange KuCoin Hit With Record Anti-Money Laundering Penalty in Canada
Decrypt·2025-09-25 21:13

In briefKuCoin was assessed a penalty of 19.5millionCAD(19.5 million CAD (14M USD) for failing to comply with Canadian anti-money laundering policies.The exchange has appealed the decision in Canadian Federal Court.KuCoin pleaded guilty to operating an unlicensed money-transmitting business in the U.S. in January, paying 300millioninfinesandforfeitures.DecryptsArt,Fashion,andEntertainmentHub.DiscoverSCENEPekenGlobalLimited,whichoperatesascryptoexchangeKuCoin,isfacinga300 million in fines and forfeitures.Decrypt’s Art, Fashion, and Entertainment Hub.Discover SCENEPeken Global Limited, which operates as crypto exchange KuCoin, is facing a 14 million—over $19.5 milli ...