South Korea FUD Financial Regulators Investigate Banks Over Crypto AML

South Korean financial regulators will investigate local banks over compliance with anti-money laundering (AML) guidelines for operations with cryptocurrency exchanges, as reported by a local news outlet Yonhap News yesterday, March 21.

According to Yonhap, the Financial Intelligence Unit (KoFIU) and the Financial Supervisory Commission (FSC) will start examining the corporate accounts of crypto exchanges in Korean banks next month.

read more: https://cointelegraph.com/news/south-korea-financial-regulators-to-investigate-banks-over-crypto-aml-measures