đ¨ KORBIT FINED KRW 2.73 BILLION (Approx. $1.9M) BY SOUTH KOREA'S FINANCIAL INTELLIGENCE UNIT (FIU) đ¨
The FIU cited violations in ANTI-MONEY LAUNDERING practices:
Unverified Customers allowed to trade without KYC checks
Improper Identity Docs accepted
Transfers with Unregistered Overseas Operators