Korean Financial Intelligence Unit News

The Financial Intelligence Unit (FIU) has informed law enforcement agencies of 16 overseas virtual currency enterprises accused of breaking the Specific Financial Information Act by conducting undisclosed illicit economic interests for Koreans. The Exchanges’ Incriminating Actions. As a result of…

South Korea’s Financial Intelligence Unit is going after 16 foreign-based crypto exchanges that have yet to register with the country’s relevant authorities. It alleges that the exchanges could be used to launder money and that their users’ data is not…