Tag: South Korea

South Korea’s Financial Services Commission (FSC) has revealed it is set to establish a virtual asset division within the Korea Financial Intelligence Unit (KoFIU).

New research suggests that 23% of banks in South Korean banks have problems modifying their anti-money laundering compliance systems, according to a new survey from FICO.

While South Korea has established a strong legal framework to fight money laundering, the country must do more to prevent government officials from laundering the proceeds of corruption.

South Korean peer-to-peer money transfer company Viva Republica is one step closer to becoming the nation’s second FinTech company allowed to operate a platform-based brokerage service.

Seoul-based CHILDLY’s Dove Wallet is about to get a compliance boost thanks to a new deal with Argos, a global know your customer (KYC) and anti-money laundering (AML) startup.

Mirae Asset Daewoo, a South Korean company, has been fined $700,000 for spoofing the Chicago Mercantile Exchange between December 2014 and April 2016.

FacePhi Biometrics has received a €200,000 investment from COFIDES to help strengthen its implementation in South Korea.

ICONLOOP, a decentralized ledger solution for digital identity, has received its first venture capital investment.

South Korea’s Financial Services commission has announced plans to change how it regulates the country’s cryptocurrency exchanges.

South Korea’s Financial Services Commission (FSC) has launched its financial regulatory sandbox.