South Korea Hits Bithumb With $24.5M Fine Over Massive AML Violations
South Korean regulators have imposed a record-breaking penalty on crypto exchange Bithumb, fining the platform 36.8 billion won (around $24.5 million) and enforcing a six-month partial business suspension after uncovering millions of anti-money laundering violations. The sanctions follow an extensive compliance inspection by the Financial Intelligence Unit (FIU), which operates ...
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