South Korea Fines Crypto Exchange Korbit $1.9M After AML Breaches
South Korea’s Financial Intelligence Unit (FIU) has imposed an institutional warning and fines totaling ₩27.3 billion ($1.89 million) on Korbit, citing widespread violations of the nation’s anti-money laundering (AML) laws. In an announcement the FIU stated it had recognized a number of breaches following a complete on-site inspection of the cryptocurrency change carried out between…
