Tag: Upbit Faces Suspension

  • Upbit Faces Suspension Over KYC and AML Breaches

    Upbit Faces Suspension Over KYC and AML Breaches

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    by

    Oscar

    Upbit, is under fire as the Financial Intelligence Unit (FIU) of the Financial Services Commission (FSC) has issued a notice to suspend its operations. The move comes amid allegations of serious breaches of anti-money laundering (AML) and know-your-customer (KYC) regulations. Regulatory Crackdown on Upbit The FIU’s investigation revealed significant lapses in KYC compliance, including over…