Financial Crime Financial Crime

Comment: FATF flags troubling hole in South Korea's money-laundering defenses

By Ben Lucas and Choi Hyung-jo
  • 29 Apr 2020 03:37
  • 29 Apr 2020 03:37
The Financial Action Task Force, or FATF, the world’s standards-setter for anti-money laundering regulation, recently highlighted an unsettling hole in South Korea’s money-laundering defenses, in the group’s latest review of the country, published this month.
Financial institutions are not legally required to carry out extra due diligence on domestic politically

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