PANews reported on November 6 that, according to News1, the Financial Intelligence Unit (FIU) of the South Korean Financial Services Commission announced that it has completed a fine of 35.2 billion won (approximately US$24.35 million) against Upbit operator Dunamu. This penalty is a follow-up measure to the three-month suspension and disciplinary action imposed on Dunamu executives and employees on February 25 this year. The reasons for the penalty include violations of the Specific Financial Information Act, involving transactions with undeclared virtual asset operators, failure to fulfill customer due diligence obligations, failure to implement transaction restrictions, and failure to report suspicious transactions.