( 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....
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.