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Dunamu flagged by South Korea FIU for 8.6 million AML violations after inspections

( November 7, 2025, 05:38 GMT | Official Statement) -- MLex Summary: Dunamu, the operator of South Korea’s leading cryptocurrency exchange Upbit, was hit with a 35.2 billion won ($24.2 million) administrative fine by the country’s Financial Intelligence Unit, which found roughly 8.6 million violations of the specific-transaction reporting law during anti-money-laundering inspections. The unit, under the Financial Services Commission, cited about 5.3 million customer-due-diligence failures, around 3.3 million breaches of the duty to restrict trading until checks were complete and 15 missed suspicious-transaction reports. The unit said Dunamu will have at least 10 days to submit opinions before the fine is finalized. The move follows a Feb. 25 decision imposing a three-month partial business suspension over dealings with an unregistered virtual-asset service provider.The statement, in Korean, is attached....

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