South Korea Fines Korbit $1.9M Over AML Breaches
South Korea’s Financial Intelligence Unit (FIU) fined cryptocurrency exchange Korbit ₩2.73 billion (about $1.9 million) on December 31, 2025, and issued an institutional warning after a comprehensive compliance inspection. The FIU tied the action to documented failures in customer due diligence, risk assessments for new digital assets, and prohibited cross-border transfers, putting Korbit’s remediation path […]