Korbit faces $1.9 million AML fine after FIU inspection in South Korea

What you need to know: South Korea’s FIU fined Korbit $1.9 million after discovering 22,000 AML compliance errors. Regulators found weak KYC checks, unverified trading and illegal transfers abroad. The action signals stricter enforcement as South Korea tightens crypto supervision. Korbit has also reduced its financial flows through the fines imposed by South Korea’s Financial […]