Korbit Launches Company-Wide Measures to Prevent Spread of Southeast Asian Financial Crimes

Korbit, a virtual asset exchange, announced on the 6th that it has launched company-wide measures to block the risks of financial crimes and money laundering spreading in Southeast Asia, particularly centered around Cambodia.

Since last month, Korbit has conducted internal inspections of vulnerabilities related to Cambodia-linked financial crimes and money laundering. The company provided internal training for all relevant departments, including its anti-money laundering team and customer service center.

Additionally, through an emergency thematic inspection, Korbit identified further suspicious cases and reported them to the Financial Intelligence Unit (FIU). In May, Korbit had already implemented deposit and withdrawal restrictions for the Cambodia Huione exchange. The company has also completed FIU reports on major users confirmed to have transaction histories with the exchange.

Furthermore, Korbit produced its own educational video explaining actual cases and structures of Southeast Asian financial crimes and released it through its official YouTube channel, while also posting related notices on its official website to raise user awareness.

A Korbit representative stated, "We will continue to monitor international sanctions trends and money laundering risks in real time, and work closely with financial authorities and the industry to take the lead in enhancing the transparency and credibility of the domestic virtual asset market."

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