Crypto Exchange KuCoin Hit with Largest Ever Canadian AML Fine After Missing Nearly 3,000 Transaction Reports
Canada’s regulator FINTRAC has fined crypto exchange KuCoin \$14 million for failing to register properly and not reporting nearly 3,000 large transactions between 2021 and 2024. KuCoin disputes the fine and has appealed, while continuing to expand internationally, including a new partnership in Thailand for a blockchain-based bond program.
