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South Korea’s FIU Moves Against Bithumb Over AML Violations

South Korea’s FIU Moves Against Bithumb Over AML Violations

Author:

Global Cryptocurrency

Published:

2026-03-09 12:58:02

16

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BTCCSquare news:

South Korea's Financial Intelligence Unit has issued Bithumb a preliminary notice of six-month partial suspension for anti-money laundering failures. The sanction targets lapses in customer due diligence and dealings with unreported overseas crypto operators.

Existing users may continue trading during the suspension period, but new member transfers face restrictions. The FIU's action follows heightened scrutiny of South Korea's crypto exchanges after recent compliance failures across the sector.

Bithumb maintains the sanction remains preliminary, with final disciplinary measures—including potential action against its CEO—pending review this month. Regulators are simultaneously evaluating compliance at Coinone and GOPAX exchanges.

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