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

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 [...]