Dunamu promises to strengthen measures to prevent recurrence after FIU's decision to impose a fine

The Financial Intelligence Unit (FIU) under the Financial Services Commission has imposed a fine on Upbit operator Dunamu, and Dunamu said it will work to prevent recurrence.

On the 6th (local time), Upbit operator Dunamu said in a press release, "We have strengthened measures to protect investors," and "We will make greater efforts to prevent recurrence." It added, "We will continue to do our best to provide a safe trading environment."

Earlier today, the FIU imposed a 35.2 billion won fine on Dunamu on charges of violating customer identification obligations and other duties. In last year's on-site anti-money laundering inspection, it is alleged to have committed about 8.6 million violations of the Act on Reporting and Using Specified Financial Transaction Information, including 5.3 million violations of customer identification obligations, about 3.3 million violations of transaction restriction obligations, and 15 failures to report suspicious transactions.