South Korean financial authorities ordered the cryptocurrency financial company Delio to suspend operations for three months and imposed a fine of 1.896 billion won

ChainCatcher news, according to Decenter, the Financial Intelligence Unit (FIU) of the South Korean Financial Services Commission has announced sanctions against Delio, including a three-month suspension of all operations, a fine of 1.896 billion won (approximately 1.44 million USD), and the dismissal of an executive.

The FIU stated that Delio transferred customers' virtual assets 171 times for unreported foreign virtual asset operators and supported unreported virtual asset operators in storing virtual assets. Additionally, Delio failed to conduct anti-money laundering risk assessments before offering new products and services, violating customer identification obligations.