Shinhan Bank Registers Copyright for Economic Sanctions Compliance Guidelines

[Asia Economy Reporter Kim Min-young] Shinhan Bank announced on the 4th that it has completed copyright registration for the work guidelines and educational videos created to comply with economic sanctions policies.

The items for which Shinhan Bank registered copyrights include ▲the economic sanctions policy-related work manual "Economic Sanctions Compliance Guideline" ▲a summary version of the guideline for domestic branches ▲an English version of the guideline for overseas branches ▲and six educational videos on economic sanctions compliance produced in three foreign languages (English, Chinese, Japanese).

Through this copyright registration, Shinhan Bank evaluated that it has secured intellectual property rights for materials related to economic sanctions policy compliance and has established a leading position in managing risks of sanctions violations.

Considering the increasing level of compliance inspections by financial authorities worldwide on countries such as Iran, North Korea, and Syria last year, Shinhan Bank produced the "Economic Sanctions Compliance Guideline" and distributed it to domestic and overseas branches. Since January, it has been distributing educational videos produced in foreign languages to its overseas network to prepare for compliance inspections by foreign financial authorities and strengthen risk management.

A Shinhan Bank official stated, "Through this copyright registration, we expect to once again publicly demonstrate our proactive response to global economic sanctions compliance and further enhance the trust of financial authorities," adding, "We will continuously strengthen internal controls related to economic sanctions and actively prepare for the increasingly stringent economic sanctions compliance monitoring by various countries overseas."

This content was produced with the assistance of AI translation services.