Articles for tag: compliance measures, cryptocurrency exchange, KuCoin, money laundering, Penalties, regulatory scrutiny, U.S. Treasury

Market News

KuCoin Fined $297M for Violating BSA Regulations: Latest Crypto Penalty News

KuCoin, a cryptocurrency exchange based in Seychelles, will pay nearly $300 million in penalties and halt operations in the U.S. for two years. This settlement comes after charges claiming the exchange failed to properly monitor its network for criminal activity. Since 2019, Peken Global, the owner of KuCoin, did not register as a money transmitting ...

Market News

The new UCMPMD 2024 aims to eradicate unethical marketing in medical devices, imposing strict penalties for code violations.

The new UCMPMD 2024 aims to eradicate unethical marketing in medical devices, imposing strict penalties for code violations.

The new Uniform Code for Marketing Practices in Medical Devices (UCMPMD) 2024 aims to regulate unethical practices in the medical device industry. Under this code, Ethics Committees must be formed by device associations to address complaints within 90 days. The code prohibits medical representatives from using inducements to interact with healthcare professionals and restricts gifts ...

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