Korbit Fined $1.9M for AML and KYC Breaches
Korbit fined $1.9 million for anti-money laundering, customer verification breaches Korbit, a South Korean crypto exchange, was fined KRW 2.7 billion (approximately $1.9 million) after inspectors found repeated breaches of anti-money laundering and customer verification rules, according to the provided description. The exchange, described as the country’s fourth-largest, was penalized after authorities said it violated…
