anti-money laundering Archives

ACAMS Launches Scholarship Program for Korean Professionals Seeking Anti-Money Laundering Training

WASHINGTON, March 14 (Korea Bizwire) — As part of its efforts to support the fight against financial crime throughout the Asia Pacific region, ACAMS is launching a new scholarship program for South Korean compliance professionals seeking to become Certified Anti-Money Laundering Specialists (CAMS). Under the initiative, ACAMS will award the CAMS Scholarship to 10 Korean [...]

FSS Orders Foreign Bankers’ Seoul Branches to Monitor Money Laundering Activities

SEOUL, Oct. 23 (Korea Bizwire) – As the issue of anti-money laundering (AML) is getting more critical all over the world, the Financial Supervisory Service (FSS) ordered the Korean branches of four international banks that do not have any adequate internal system to closely monitor money laundering activities, with relevant regulations set up and consolidated. Of the [...]