National Police Agency and Shinhan Financial Group Sign Agreement to Prevent and Eradicate 'Minsaeng Financial Crimes'

[Photo by National Police Agency]

[Asia Economy Reporter Lee Gwan-joo] On the 26th, the National Police Agency and Shinhan Financial Group signed a business agreement at the police headquarters in Migeun-dong, Seodaemun-gu, Seoul, to prevent and eradicate financial crimes affecting the public, such as telephone financial fraud.

Through this agreement, both organizations decided to establish a hotline to share major cases of telephone financial fraud and new or variant methods in real time. Shinhan Financial will receive various information from the National Police Agency and share it with branches nationwide to proactively block the occurrence of crimes, and will provide the National Police Agency with suspicious transaction types occurring at branches across the country.

Furthermore, Shinhan Financial plans to expand the 'Hope Hero Project,' which has been in operation since 2018, and from the second half of this year, select citizens and meritorious police officers who contributed to preventing financial crimes such as telephone financial fraud and illegal private loans, as 'Heroes Protecting the Ordinary Economy,' and promote awards. To ensure the prompt implementation of this agreement, both organizations will also operate a joint 'Task Force for Eradicating Financial Crimes Affecting the Public.'

Kim Chang-ryong, Commissioner of the National Police Agency, stated, "To eradicate financial crimes affecting the public, such as telephone financial fraud, which cause serious damage to ordinary people, we will strongly crack down on crimes infringing on the livelihood and actively cooperate with related institutions such as financial organizations."

Cho Yong-byeong, Chairman of Shinhan Financial Group, said, "Going forward, to resolve financial crimes affecting the public, we will cooperate with the National Police Agency and concentrate all capabilities that Shinhan can offer."

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