Yea I did some digging on my end and as far as I can tell I neither violated Hong Kong (where Kucoin is based) nor my local AML thresholds that would warrant reporting my transactions to authorities.
So I doubt that is what happened. For reference, the CDD threshold by HK AML regulations is $8000 for wire transfers.
The guidelines can be verified
here.
If they can make a proper case that warrants enhanced due diligence, and I do have to admit, that they could in my case, they are allowed or even required to demand Identification.
But, as far as I can tell neither HK nor European AML regulations require the data KuCoin is demanding.
HK AML Identification state only:
- full name
- date of birth
- nationality
- unique identification number (passport / ID)
My 'local' AML in addition also always requires a residential address.
Can we post this thread to the kucoin thread so they can address this matter accordingly? They are still active here in the forum so maybe we can have direct from them.