KoFIU

The Financial Transaction Reports Act (FTRA), which was enacted in November 2001, is the backbone of the Korean AML/CFT system. It was under this law that the KoFIU was established as the primary national agency responsible for AML/CFT regulation and supervision and for the collection/analysis/dissemination of STRs.

The FTRA also provides essential AML/CFT measures such as CDD, STRs, and CTRs to be undertaken by the financial sector and casinos.

1. FTRA (Financial Transaction Reports Act) Download Full Text
2. Enforcement Decree of the FTRA Download Full Text
3. Financial Transaction Report and Supervision RegulationDownload Full Text
4. AML-CFT Regulation (KoFIU Notice 2010-1) Download Full Text