South Korea’s FIU Declared Fine on Crypto Firm Delio!

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South Korea’s Financial Intelligence Unit (FIU) has imposed sanctions on local crypto firm Delio following violations of regulations. The FIU ordered Delio to halt operations for three months, pay a fine of 1.896 billion won (around $1.44 million), and terminate one executive. The regulator claimed that Delio conducted transactions with undeclared virtual asset service providers, failed to carry out a money laundering risk assessment before introducing new products and services, and ignored customer identification and other obligations.