Policy
What we do
Why do We Need Anti-Money Laundering(AML) Regime?
Estimated Total Trillions of won
According to Korea Economic Research Institute(KERI), the estimated total of money laundered in Korea amounts to trillions of wons.
ML cases in Korea are mostly originated from companies’ slush fund creation, private money market laundering activities, and illegal foreign capital outflow and others.
We cannot sit by it anymore.
We must eradicate Money Laundering before it shakes our national economy.
Crimes related to Money laundering is growing its international presence and becoming more sophisticated as the 21st century payment environment is digitalized and globalized.
Korea is strongly committed to prevent criminal proceeds being generated from narcotic crime, organized crime, smuggling, etc., and international criminal organizations setting a base on our soil.
AML, a Bedrock for Healthy Financial Practice
AML regime will be the cornerstone to be a global financial power.
Establishing AML/CFT regime that complies with international standard is where secure financial practice and culture begins.
Our national competitiveness and confidence will be heightened through AML related efforts.