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[Alpha Biz=(Chicago) Reporter Paul Lee] While the Korea Financial Intelligence Unit (FIU) imposed a fine of about 2 billion won on the virtual asset exchange Hanbisko, it is said to be an unusual amount for fines imposed after a comprehensive on-site inspection of the virtual asset exchange.
In particular, the case of Hanbisko is distinguished from other exchanges in that it is a comprehensive inspection received ahead of the decision to accept the virtual asset operator's change report.
Hanbisko had submitted a business change report to convert into a won market (support for exchange between won and coin) exchange. This is why more thorough inspections are expected to have been conducted. There is also an opinion that the entry barrier of the Won Market Exchange has been further raised.
The Financial Intelligence Unit (FIU) of the Financial Services Commission said in a sanctions disclosure on the 13th that it imposed a fine of 1.9942 billion won on Hanbitco Korea and issued caution and reprimand to its executives and employees.
This is an unusually large amount of fines imposed by the FIU after conducting a comprehensive inspection of virtual asset exchanges.
According to the sanctions disclosure, Hanbisko violated △Customer Verification (KYC) obligation △ Transaction restriction obligation △ Information provision obligation when transferring virtual assets.
AlphaBIZ 폴 리(hoondork1977@alphabiz.co.kr)
