South Korea's FIU will introduce a system to freeze accounts suspected of major crimes, expand AML controls for virtual assets and stablecoins, and strengthen international cooperation to combat transnational financial crime.
South Korea's key economic ministries, including the Ministry of Economy and Finance, Bank of Korea, and Financial Services Commission, announce today's schedules featuring high-level meetings, policy briefings, and industry engagement events.
South Korea’s credit card companies are collaborating on AML and fraud detection systems to support the rollout of a won-based stablecoin, aiming to streamline infrastructure and test new business models for local currencies and government subsidies.
The Korea Financial Intelligence Unit (FIU) and Oman's NCFI have signed an MOU to bolster anti-money laundering cooperation, focusing on information sharing, technical collaboration, and joint efforts to combat cross-border financial crimes involving virtual assets.
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