KYC

South Korea Fines Upbit Operator Dunamu $24M for AML and KYC Failures – cover image
South Korea Fines Upbit Operator Dunamu $24M for AML and KYC Failures

South Korean regulators fined Dunamu, operator of the Upbit exchange, 35.2 billion won (about US$24 million) for breaches of anti-money laundering and customer verification rules. The penalty highlights growing enforcement pressure on crypto exchanges and raises questions about compliance across the industry.

Published at 2025-11-10 18:05:25