South Korea FIU Fines Korbit $1.9 Million Over AML Violations
South Korea’s FIU fined Korbit $1.9 million after uncovering widespread AML violations, KYC breaches, and unregistered overseas transactions. South Korea’s Financial Intelligence Unit sanctioned Korbit following a detailed inspection of its compliance systems. The regulator issued the action on December 31. Consequently, the country’s fourth-largest crypto exchange got penalized for repeated violations of anti-money laundering...
What's Your Reaction?
Like
0
Dislike
0
Love
0
Funny
0
Angry
0
Sad
0
Wow
0
