Core Viewpoint - Dunamu, operator of South Korea's largest crypto exchange, is reviewing findings from a financial watchdog's investigation after receiving a fine of 35.2 billion won ($25 million) and facing sanctions [2][3] Group 1: Regulatory Actions - The Financial Intelligence Unit (FIU) has imposed a three-month suspension on new customers at Upbit from transferring virtual assets due to anti-money laundering (AML) and know-your-customer (KYC) violations [3] - The FIU discovered approximately 5.3 million cases of violations regarding customer verification obligations during on-site inspections of Dunamu [6] - The FIU also noted that Dunamu failed to report suspicious transactions in 15 cases [6] Group 2: Company Response - Dunamu is conducting an internal review to assess the accuracy of the sanctions' findings, citing past inaccuracies in the FIU's assessments [4] - The company has reinforced its investor protection measures and is committed to providing a safe trading environment for all customers [7] - Dunamu's spokesperson emphasized the company's dedication to preventing future violations [7] Group 3: Broader Industry Context - The local financial authority's campaign is part of a broader initiative to strengthen AML enforcement within the digital asset sector, focusing on KYC compliance and reporting suspicious transactions [5] - The FIU plans to continue inspecting and reviewing the legal compliance systems of virtual asset operators to establish a robust AML system [8]