According to BlockBeats news, on March 26, the U.S. Attorney’s Office for the Southern District of New York issued a document stating that the cryptocurrency trading platform KuCoin and its two founders were charged with bank secrecy laws and unauthorized fund transmission. KuCoin and its two founders, Chun Gan and Ke Tang, violated U.S. anti-money laundering laws and developed KuCoin into one of the largest cryptocurrency trading platforms in the world. Damian Williams, U.S. Attorney for the Southern District of New York, and Darren McCormack, Acting Special Agent in Charge of the New York Division of the Department of Homeland Security Investigations, announced today that KuCoin and its two founders Chun Gan (pseudonym "Michael") and An indictment filed by Ke Tang (alias "Eric") was unsealed, charging them with conspiring to operate an unlicensed money transmission business and conspiring to violate the Bank Secrecy Act by knowingly failing to maintain a design designed to prevent KuCoin from being used. Adequate anti-money laundering (AML) programs for money laundering and terrorist financing, failure to maintain reasonable customer identity verification procedures, and failure to submit any suspicious activity reports. KuCoin was also accused of operating an unlicensed money transmission business and material violations of the Bank Secrecy Act. Gan and Tang are still at large.

According to BlockBeats news, on March 26, the U.S. Attorney’s Office for the Southern District of New York issued a document stating that the cryptocurrency trading platform KuCoin and its two founders were charged with bank secrecy laws and unauthorized fund transmission. KuCoin and its two founders, Chun Gan and Ke Tang, violated U.S. anti-money laundering laws and developed KuCoin into one of the largest cryptocurrency trading platforms in the world. Damian Williams, U.S. Attorney for the Southern District of New York, and Darren McCormack, Acting Special Agent in Charge of the New York Division of the Department of Homeland Security Investigations, announced today that KuCoin and its two founders Chun Gan (pseudonym "Michael") and An indictment filed by Ke Tang (alias "Eric") was unsealed, charging them with conspiring to operate an unlicensed money transmission business and conspiring to violate the Bank Secrecy Act by knowingly failing to maintain a design designed to prevent KuCoin from being used. Adequate anti-money laundering (AML) programs for money laundering and terrorist financing, failure to maintain reasonable customer identity verification procedures, and failure to submit any suspicious activity reports. KuCoin was also accused of operating an unlicensed money transmission business and material violations of the Bank Secrecy Act. Gan and Tang are still at large.