South Korea's Financial Intelligence Unit (FIU) sanctioned Korbit, the country's fourth-largest crypto exchange, for about 22,000 anti-money laundering violations, including incomplete KYC checks and illegal transfers. Korbit received a KRW 2.7 billion fine and institutional warnings placed on both the firm and its CEO. The regulatory move highlights compliance enforcement as Mirae Asset Financial Group considers acquiring Korbit for $100 million in its first venture into the crypto sector.