Coinone reportedly faces 3-month partial business suspension for AML violations

South Korean crypto exchange Coinone has received a preliminary notice from financial authorities of a potential three-month partial suspension of its business operations for violating anti-money laundering (AML) obligations, ZDNet Korea reported. The final level of the sanctions is expected to be decided by the Sanctions Review Committee on April 13. Some industry sources predict the final fine could be between 8 billion and 13 billion won (around $5.8 million to $9.4 million).