Korbit Signs Business Agreement with International Association of Anti-Money Laundering Experts
Korbit, a domestic cryptocurrency exchange, announced on the 1st that it has signed a business agreement with the Association of Certified Anti-Money Laundering Specialists (ACAMS). From the left: Sejin Oh, CEO of Korbit, Geunseop Song, ACAMS Korea representative (Photo by Korbit)
View original image[Asia Economy Reporter Gong Byung-sun] Domestic cryptocurrency exchange Korbit announced on the 1st that it has signed a business agreement with the Association of Certified Anti-Money Laundering Specialists (ACAMS).
Through this agreement, Korbit plans to ▲introduce ACAMS corporate membership services ▲promote activities of Korean representative virtual asset service providers (VASPs) within ACAMS and establish global standards ▲provide anti-money laundering (AML) training by Song Geun-seop, ACAMS Korea representative, to Korbit executives and employees.
Korbit will provide all executives and employees with specialized training on AML and economic sanctions through the ACAMS corporate membership service. Additionally, it aims to strengthen its AML operational capabilities.
Furthermore, Korbit plans to quickly respond to international trends by utilizing information collected from the global ACAMS community. ACAMS also expects to enhance its role in establishing global AML standards for VASPs and expand its presence in the Korean market.
ACAMS is the world's largest anti-money laundering association with over 80,000 members in 180 countries. It offers AML education programs and administers certification exams for Certified Anti-Money Laundering Specialist (CAMS) and Certified Global Sanctions Specialist (CGSS).
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Oh Se-jin, CEO of Korbit, said, “From management to employees, there is a strong interest in strengthening AML operational capabilities,” adding, “Through this agreement, we will strive to become a model in the domestic cryptocurrency industry in the field of AML operations.”
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