The European arm of global cryptocurrency exchange KuCoin has hired anti-money laundering (AML) and compliance expertise in a bid to appease its regulator, which recently demanded the exchange halt business in Europe due to a staffing shortfall.

KuCoin EU, which holds a Markets in Crypto Assets (MiCA) license from Austria’s FMA, appointed Carmen Kleinhans as anti-money laundering officer (AMLO), alongside the expansion of its broader AML function, the company said in a press release on Wednesday.

The exchange also hired Austrian compliance veterans Stephan Klinger and Bernd Träxler as deputy anti-money laundering officers.

KuCoin EU Managing Director Sabina Liu said the exchange had “communicated fully” with the FMA when the action…