AML Violations

Highlights: KuCoin agreed to pay a $500,000 fine and now cannot serve US users without registration. The court order turned its US exit into a long-term ban with no clear return timeline. Regulators acted across two cases to enforce rules […]

Highlights: OKX operator has pleaded guilty to running an unlicensed business and will pay $505 million in fines. Authorities found that OKX processed $5 billion in transactions that were suspicious and failed to follow anti-money laundering laws. OKX plans to […]

Highlights: The US Federal Reserve ordered United Texas Bank to cease crypto operations due to AML rule violations. United Texas Bank must address governance and AML shortfalls. Enforcement surge fuels “Operation Chokepoint 2.0” speculation. On Sept. 4, the Federal Reserve […]

Highlights: A new class action lawsuit alleges Binance failed to prevent money laundering and asset recovery. Plaintiffs claim Binance’s actions made stolen crypto untraceable despite blockchain records. The suit accuses Binance of violating US sanctions and aiding money laundering. Three […]