A South Korean court’s April 9 ruling revoked the FIU’s three-month partial suspension, saying Dunamu’s customer pledges and self-monitoring were reasonable measures tied to Upbit’s transaction controls.
A South Korean court revoked the Financial Intelligence Unit’s three-month partial business suspension against Dunamu, the operator of Upbit. In its April 9 decision, the court said Dunamu had taken compliance measures including customer pledges and self-monitoring. The sanction had targeted Upbit’s controls over transactions involving unreported operators, but the court found Dunamu’s steps sufficient to overturn the penalty.