Coinone, a South Korean exchange, was partially suspended for three months and fined approximately $3.56 million for violating anti money laundering obligations Foresight News reported that according to South Korean media Edaily, the Financial Intelligence Unit (FIU) of South Korea conducted an on-site inspection of cryptocurrency exchange Coinone and found it to have violated its obligations under the Specific Financial Information Act. The FIU has decided to impose a three-month partial suspension and a fine of approximately 3.56 million US dollars (5.2 billion Korean won) on Coinone, with a suspension period from April 29 to July 28. During the closure period, external transfers of virtual assets (deposits and withdrawals) for new customers are restricted, while transactions for existing customers proceed normally. In addition, FIU issued a "condemnation warning" to Coinone CEO Che Mingxun. \FIU stated that Coinone illegally assisted 16 unregistered overseas virtual asset businesses in completing 10113 asset transfer transactions, and did not cooperate after multiple requests from regulatory authorities to stop related transactions; There were approximately 40000 violations in customer identity verification, including accepting unverifiable documents and verifying incomplete address information for customers; There have been approximately 30000 violations of transaction restriction obligations, involving the release of transactions for users who have not yet completed identity verification. Coinone stated that it has taken this disciplinary action seriously and is pushing for rectification. As for whether to file an administrative lawsuit, it will be decided after careful consideration by the board of directors.