Korbit Hit With $1.8M Fine as South Korea Flags Major AML Failures

South Korea’s crypto regulator has taken firm action against Korbit, one of the country’s longest-operating exchanges, closing the year with a clear warning to the industry. On December 31, the Financial Intelligence Unit (FIU) announced a 2. 73 billion won ($1. 88 million) fine against Korbit after uncovering widespread failures in its anti-money laundering (AML) and customer … source: https://coinpedia.org/news/korbit-hit-with-1-8m-fine-as-south-korea-flags-major-aml-failures/