South Korea: Financial Supervisory Service Announces Cooperation Agreement with Asian Development Bank
On August 6, 2018, the Financial Supervisory Service (FSS) announced a cooperation agreement with the …
South Korea: Financial Intelligence Unit Publishes Amendments to AML Obligations
On July 31, 2018, the Korean Financial Intelligence Unit (KOFIU) published a set of notices …
Paradise Sells Jeju Lotte Casino To Korean Tourism Giant Lotte Tour
South Korean integrated resort (IR) operator Paradise Co is to sell one of its two …
FATF's Recommendation 8 to Protect NPOs from Terrorist Financing Abuse Updated
Following the fourth plenary meeting of the year for the Financial Action Task Force (FATF) …
South Korea: Plan to Exclude Coins in Circulation by 2020
The Bank of Korea (BOK) has announced an action plan for a coinless society. The …
Asia-Pacific: FS-ISAC and MAS to Strengthen Cyber Information Sharing Across Nine Countries
On November 14, 2017, the Monetary Authority of Singapore (MAS) and the Financial Services Information …
South Korea: Government Initiates Meeting to Determine Measures on Virtual Currency Related Crimes
On December 13, 2017 the government held a vice ministerial meeting with the Ministry of …