Major crypto exchanges in South Korea are facing harsh penalties following a crackdown by the Financial Intelligence Unit (FIU). The FIU’s investigation uncovered significant Anti-Money Laundering (AML) compliance gaps, leading to regulatory action against five prominent platforms. These sanctions signal a new era of stringent oversight for digital asset companies operating within one of Asia’s most important cryptocurrency markets. 1 The penalties are expected to be substantial, with the FIU potentially imposing institutional fines, personnel sanctions, and heavy financial repercussions. 2 The first platform on the list will likely face consequences before others as a result of its inspection date, according to the report.