[South Korean Financial Authorities Plan to Sanction Multiple Crypto Exchanges for Anti-Money Laundering Violations] South Korean financial authorities plan to impose sanctions on multiple cryptocurrency exchanges for violating anti-money laundering obligations. After completing penalties against Dunamu (operator of Upbit), the FIU will sequentially handle related cases involving exchanges such as Korbit, Gopax, Bithumb, and Coinone. The Financial Supervisory Service has conducted on-site inspections of these exchanges since last year and is currently in the stages of legal review and sanction deliberation. Due to the need for a re-examination of Bithumb, its processing order may be delayed. In February this year, the FIU issued a warning to Dunamu's responsible party and suspended new customer deposits and withdrawals for three months. On November 6, it imposed a fine of 35.2 billion Korean won. Other exchanges are expected to face fines amounting to hundreds of billions of Korean won, with specific amounts determined based on the severity of violations. Given the large number of cases, the FIU expects most sanctions to be completed by the first half of next year.