South Korea's financial regulator recommends dismissal via sanctions announcement

DelioCEO, Delio Huaibei files administrative lawsuit

According to reports on September 14, according to people familiar with the matter, the Financial Intelligence Unit (FIU) under the South Korean Financial Services Commission recommended solutions through a sanctions announcement.

Delio CEO was hired and Delio was preparing to file an administrative lawsuit over the matter. FU had previously suspended Delio for three months and fined it 1.896 billion won.