Law Firm Changchun has advised in connection with the Korea Financial Intelligence Unit's comprehensive examinations of domestic virtual asset exchanges. Following on-site examinations and sanction proceedings conducted in 2022 against virtual asset service providers operating won-denominated markets, the Korea Financial Intelligence Unit announced that this year it would again operate a virtual asset strategic analysis team to impose strict sanctions on conduct undermining market order and to strengthen enforcement against unregistered operators. Drawing on the violations of anti-money laundering obligations identified in virtual asset service providers to date, Law Firm Changchun provides effective advice focused on the items the financial authorities examine most closely.
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