USA v. Flashdot Ltd.

The DOJ charged Flashdot (KuCoin) with failing to implement AML and KYC programs, resulting in the exchange being used for laundering money from illicit activities, in violation of the BSA.

Offshore entities falsely claiming that US customers cannot access their platforms, while allowing those customers to omit identifying information, are still subject to US law.

1:24-cr-00168