Crypto exchange KuCoin EU hires anti-money laundering talent to appease Austrian regulator, FMA

KuCoin EU, the European arm of cryptocurrency exchange KuCoin, has appointed new anti-money laundering (AML) and compliance personnel, including Carmen Kleinhans as AMLO and Stephan Klinger and Bernd Träxler as deputy AMLOs. This move aims to satisfy the Austrian regulator, FMA, which had previously ordered the exchange to cease operations in Europe due to insufficient AML and compliance staffing. KuCoin EU holds a Markets in Crypto Assets (MiCA) license from the FMA. Managing Director Sabina Liu stated that the exchange has maintained open communication with the FMA since the February order and has significantly expanded its compliance team. The timeline for resuming operations in Europe remains under discussion with the FMA. KuCoin has also faced regulatory challenges in the U.S. and Dubai.

(Source：CoinDesk)