Tag: AML
Flybit won the Financial Services Commission Chairman’s Commendation Award on Anti-Money Laundering Day
November 28, 2023. South Korean virtual asset exchange Flybit has received the highest rating in the comprehensive anti-money laundering (AML) evaluation conducted annually by...
OKEx Korea to Close as New AML Rules Come Into Force
The South Korean arm of the cryptocurrency exchange OKEx has decided to shut up shop rather than attempt to navigate revised regulatory hurdles that...
South Korean Crypto Firms Must Disclose Users’ Identities Under Planned Law Change
According to a press release from the financial watchdog on Wednesday, a proposed update to the Act on Reporting and Using Specified Financial Transaction...
South Korean Crypto Exchanges Search for ‘Seamless’ AML Solutions
With just months to go before new legislation comes into force requiring all of South Korea’s crypto exchanges to implement strict anti-money laundering (AML)...
Bithumb Partners With Octa to Root Out Fraud in Digital Exchanges
Bithumb, a virtual asset exchange in Korea, develops anti-money laundering (AML) and fraud detection system (FDS) solutions optimized for virtual asset industry.
Bithumb announced on...
Imminent Regulations Signal End of Smaller Crypto Exchanges
Virtual asset exchanges, which had sprang up until last year, continue to close. The amended ‘Specific Financial Transaction Information Act’ includes anti-money laundering (AML)...
UPBIT BANKRUPT? : Insolvency, Gangsters and Insider Trading
“It’s not in my nature to be mysterious but I can’t talk about it and I can’t talk about why.”
That’s the supercool line Brad...
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