View Categories Recommended For You 40% of U.K & E.U. Firms Could Fail T+0 Step Voss Capital Taps SS&C GlobeOp for Fund Administration Rivvit’s ‘Virtual Analyst’ Lets Firms Talk to Data Time to Unify the SEC & CFTC? The rollout is intended to provide a more streamlined execution of client lifecycle events.SMBC Americas, part of the Tokyo-based SMBC Group, has rolled out an onboarding and lifecycle management solution from client management provider Fenergo in an effort to improve client and investor ex ...

Korbit, South Korea's fourth-largest exchange, faces heavy fines. Source: Chung Sung-Jun/Getty Images. Key Takeaways South Korea’s FIU fined Korbit $1.9 million for weak AML and KYC rules on December 31, 2025. Main issues: 22,000 unverified users, deals with unregistered foreign platforms, and poor risk checks. Penalties include a fine, a warning to exchange, and the CEO, following Upbit’s earlier larger fine. South Korea’s Financial Intelligence Unit (FIU) found the Korbit crypto exchange in viola ...

unleashing the full potential of blockchains. We recently talked about market structure, specifically the legislation around it and how this could unlock crypto's full potential. Now, I want to really talk about a few things here. Number one, the market structure bill is it's definitely concerning in a few ways. Um, I do think that crypto won't reach its full potential until we do have guard rails in place for the biggest players to enter. Um, however, what I do not like is when those same big players that ...

Dunamu, the operator of South Korea’s largest crypto exchange Upbit, said it is considering appealing a $25 million fine and sanctions imposed by the Financial Intelligence Unit (FIU) for alleged violations of anti-money laundering (AML) and know-your-customer (KYC) regulations. The FIU also suspended Upbit’s new user onboarding for three months. https://t.co/43wBOUlDBe ...

Core Insights - Binance is close to re-entering the South Korean market after a two-year delay, with local authorities reviewing its acquisition of Gopax [1][2] - The Financial Intelligence Unit (FIU) is assessing Gopax's report on executive changes, which is linked to Binance's 67% ownership stake [1][3] - The review process had been stalled due to anti-money laundering concerns but is now progressing positively, with potential approval by the end of 2025 [2][4] Regulatory Context - South Korean law does not have a separate mechanism for evaluating major shareholders in crypto exchanges; the FIU's executive review serves as a qualification test for Binance [3] - Binance acquired a majority stake in Gopax in February 2023 as part of a rescue plan following Gopax's liquidity crisis related to Genesis Global Capital's bankruptcy [3][4] - The review was previously delayed due to scrutiny from U.S. regulators, but a $4.3 billion settlement has alleviated some concerns from South Korean authorities [4] Market Sentiment - South Korean investors show strong interest in crypto-related assets, with approximately $1.24 billion invested in U.S. tech and crypto-linked stocks during the Chuseok holiday [5][6] - Notable investments included $105 million in Iris Energy shares, $96 million in Tesla, and $100 million in Meta, indicating robust demand for crypto-related investments [6]

Core Insights - Nasdaq Verafin has launched the Agentic AI Workforce, a suite of digital workers aimed at automating anti-money laundering (AML) compliance processes, enhancing banks' ability to combat financial crime [1][3][6] - A survey indicated that 75% of financial professionals increased headcount investment for financial crime prevention, yet nearly half reported insufficient resources and technology [2] - The Digital Sanctions Analyst and Digital EDD Analyst are key components of the Agentic AI Workforce, designed to streamline compliance tasks and significantly reduce operational burdens [4][5] Group 1: Product Launch and Features - The Agentic AI Workforce will automate low-value, high-volume compliance processes, allowing banks to focus on more complex investigations [1][3] - The Digital Sanctions Analyst can reduce alert review workload by over 80%, addressing the challenge of false positive alerts in sanctions compliance [4] - The Digital EDD Analyst automates periodic EDD reviews, enabling banks to efficiently handle low-risk cases and meet regulatory requirements [5] Group 2: Industry Context and Challenges - Financial institutions face increasing compliance challenges due to evolving regulations and legacy technology, necessitating innovative solutions [3][7] - The financial services industry is under pressure to enhance operational efficiency while maintaining robust compliance operations amid sophisticated threats [7] - The introduction of digital workforce solutions like the Agentic AI Workforce represents a transformative shift in how compliance teams allocate their time and resources [7] Group 3: Adoption and Impact - Since the rollout of the GenAI Entity Research Copilot, over 1,300 clients have utilized Nasdaq Verafin's integrated capabilities to streamline investigations [6] - The Agentic AI Workforce is expected to deliver significant efficiency gains, allowing compliance teams to focus on serious financial crimes such as human trafficking and drug trafficking [3][6]