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South Korean Financial Intelligence Unit (FIU) has extended the period of inspection on its site of Bithumb Crypto exchangeThe next week with a coinone inspection set to start.
media outlet Dahan Qungje Told that FIU, which responds to the Financial Services Commission (FSC), will wrap up its investigation on 18 April.
The investigation began on 17 March, and was originally planned to end on 28 March. The investigation is mainly aimed at checking compliance with exchanges with anti-mani laundering protocols.
After Bithumb, Coinen will be the last of South Korea’s five Fiat KRW-trading exchanges that are facing an FIU investigation.
Bithumb, Coinone – Regulatory AML to see to wrap
The regulator has already investigated its site of the Corebit, Gopax and Market-Leiding Opported Exchange.
Upbit investigation detects a sleeve Know your customer (KYC) Verification violations, with FSC, later completes a three -month sentence.
At the end of March, a branch of the Seoul Administrative Court Ban for 30 days suspended,
The media outlet quoted an anonymous officer of an anonymous domestic crypto exchange, saying that the FIU expanded could be “due to the huge amount of data” it is now combing.
However, the same person claimed that there was a “doubt” that the delay was due to a specific transaction.
The person claimed that Bithamb Wallet had “transferred over 60 million coins, priced at around 22.4 billion (more than $ 15.8 million), which is not registered with financial authorities.”
FIU plans to start their on-site inspection in Coinone on 21 April.
FSS check
Another regulator, Financial Supervisory Services (FSS) has also recently wrapped its investigation into bitamb and coinone.
The investigation allegedly revealed that Bithumb had misused the company’s funds for housing allowances.
The FSS claims that the CEO of a former Bithumb and a current advisor used the apartment deposit provided by the company to lease property to a third party.
The regulator feels that one of the authorities used a KRW 1.1 billion ($ 778,000) deposit, which was deposited from bitumb to pay for a house, then leased a resident in exchange for paying a fare of about $ 2 million.
The Crypto Investigation Team of the office of Seoul Southern District Prosecutors chased with a raid of Bithumb’s headquarters last month.
Meanwhile, Coinone faced its own FSS investigation later last year. The investigation saw a large -scale movement (move) token price spike on the coin on platform on 9 December.
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