Huobi Korea, the South Korean branch of the world’s sixth largest crypto exchange, has recently strengthened its anti-money laundering (AML) protections, according to a press release shared with Cointelegraph on Feb. 21.
According to the statement, Huobi Korea, which launched its services in 2018, has reviewed its deposit and withdrawal processes and fiat-to-crypto oversight. The company will closely monitor any transactions that might seem suspicious, the press release notes. In addition to that, Huobi Korea says it will regularly update its fraud detection system algorithms.