Korbit fined $1.9 million for anti money-laundering, customer verification breaches

Korbit, a prominent cryptocurrency exchange, has been penalized with a hefty fine of $1.9 million due to several serious breaches concerning anti-money laundering regulations and inadequacies in their customer verification processes. This action highlights the increasing scrutiny and enforcement measures being taken against financial institutions that fail to adhere to established guidelines aimed at preventing illicit financial activities and ensuring proper identification of their clients. source: https://www.coindesk.com/policy/2025/12/31/korbit-fined-usd1-9-million-for-anti-money-laundering-customer-verification-breaches