South Korea Hits Bithumb With $24.5M Fine Over AML Violations
South Korea has fined crypto exchange Bithumb 36.8 billion won (about $24.5 million) and imposed a six-month partial business suspension after finding widespread violations of Anti-Money Laundering (AML) rules, according to a Yonhap News Agency report. According to Yonhap, regulators identified about 6.65 million violations during an AML inspection, including failures related to customer identity … Read more