Policy
What we do
A Reliable Guard of AML
KoFIU
What We Do
- AML related policy development and amendment
- STR reception and analysis, dissemination to LEAs
- Monitoring and supervision of Financial Institutions’ legal compliance
- International cooperation with foreign FIUs and international organizations
- VISION
- Securing Transparent Financial Practice & A Leading FIU in the World
Mission
- Crime Prevention through AML Regime
- Contribution to Social Security by Countering Terrorism Financing (CTF)
- Establishing Safe and Transparent Financial Practice
Strengthening Network by Cooperating with Relevant Authorities
AML-related authorities have established mutual assistance network to facilitate smooth cooperation.
KoFIU communicates with financial institutions and law enforcement agencies, as needed, ultimately improving the quality of policies.
Assuring Customer Confidentiality
We strictly apply confidentiality rules to prevent access or duplication of customer financial information and provision, or leakage to others.
(A person who breaches confidentiality can face imprisonment for not more than 5 years, or fines not exceeding KRW 50 million.)