Particle.news
Download on the App Store

KuCoin EU Bolsters AML Leadership After Austrian Regulator Halts Operations

The exchange still awaits FMA approval to restart EU services.

Overview

  • KuCoin EU named Carmen Kleinhans as anti-money-laundering officer and added two deputy AML officers to rebuild its compliance unit.
  • Austria’s Financial Market Authority ordered the company to stop serving EU customers because it lacked enough AML and compliance staff.
  • The firm still holds a license under MiCA, the EU’s crypto rulebook for crypto-asset providers, but it has no date to restart services.
  • Deputies Stephan Klinger and Bernd Träxler bring experience from Austria’s FMA and senior compliance posts at international banks.
  • KuCoin’s wider group also faces actions by the U.S. CFTC and Dubai’s VARA, which raises cross-border scrutiny as it seeks a return in Europe.