THE INVESTOR

메뉴열기
April 24, 2018

FSC to inspect 3 banks over cryptocurrency money-laundering rules

PUBLISHED : April 09, 2018 - 14:17

UPDATED : April 09, 2018 - 14:17

  • 본문폰트 작게
  • 본문폰트 크게
  • 페이스북
  • 트위터
  • sms


[THE INVESTOR] The Financial Services Commission said on April 9 it will inspect three commercial banks to check whether they are complying with guidelines against suspected money laundering linked to cryptocurrencies.

The inspection, which will begin April 19 for a week, will affect NongHyup Bank, Kookmin Bank and KEB Hana Bank, the FSC said in a statement.

The inspection will focus on whether the banks comply with the guidelines in cryptocurrency transactions with both corporate and individual accounts, it said.

In January, Korea launched a real-name trading system for cryptocurrency transactions to prevent virtual coins from being used for money laundering and other illegal activities.

The system also aims to curb speculative investment in virtual coins.

By Song Seung-hyun and newswires (ssh@heraldcorp.com)

  • 페이스북
  • 트위터
  • sms
최상단으로
Herald Corporation|CEO : Kwon Chung Won
Chief Privacy Officer & Juvenile Protection Manager : Shin Chang Hoon
Company Registration No. 104-81-06004
Mail-Order Business Registration 2016 - Seoul Yongsan - 00590
Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea
T : +82-2-727-0615|Business info
COPYRIGHT HERALD CORPORATION. ALL RIGHTS RESERVED.