Korbit Receives Financial Services Commissioner's Commendation on the 17th Anti-Money Laundering Day

Korbit, a domestic virtual asset exchange, announced on the 29th that it received the Financial Services Commission Chairman's Commendation at the '17th Anti-Money Laundering Day' event hosted by the Financial Intelligence Unit (FIU) under the Financial Services Commission.

With this award, Korbit was recognized for its excellent capabilities in anti-money laundering and suspicious transaction reporting, as well as its efforts to protect virtual asset investors by enhancing the soundness of exchange operations. Regarding transparent exchange operations, its collaboration with Shinhan Bank, the bank issuing real-name accounts, stood out. They held several joint seminars to share best practices in anti-money laundering between virtual asset service providers and banks, and proactively introduced the virtual asset real-name account operation guidelines scheduled to be implemented next year to establish a healthy virtual asset trading order.

Additionally, among the top five KRW-market virtual asset exchanges, Korbit has the fewest number of virtual assets whose trading support has been terminated. Last year, it became the first in the industry to introduce a real-time disclosure system for the quantity of virtual assets held and wallet addresses, striving to foster a desirable investment culture and protect investors.

Sejin Oh, CEO of Korbit, stated, "All Korbit employees are working hard to build a trusted exchange for virtual asset investors based on transparent exchange operations," adding, "We will continue to devote ourselves to anti-money laundering and suspicious transaction reporting tasks and actively work to establish a sound virtual asset trading order."

This content was produced with the assistance of AI translation services.