Wu said that the Korea Financial Intelligence Unit (FIU) reported that the virtual asset exchange Korbit's anti-money laundering comprehensive inspection results showed violations of the "Specific Financial Information Act," involving customer due diligence obligations, transaction restrictions, bans on transactions with unreported overseas virtual asset service providers, and failure to conduct money laundering risk assessments for new businesses such as NFTs. The FIU decided to issue an institutional warning to Korbit and impose a fine of 2.73 billion KRW (approximately $1.88 million), while also giving a cautionary notice to the representative director and admonishing the responsible reporting personnel.

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