Insurance Training Institute Conducts Virtual Asset Anti-Money Laundering Training
[Asia Economy Reporter Changhwan Lee] The Korea Insurance Training Institute announced on the 23rd that it will jointly establish the 'Virtual Asset AML (Anti-Money Laundering)·CFT (Counter Financing of Terrorism) Practical Course,' a specialized anti-money laundering training for virtual asset transactions, with the Korea Blockchain Association.
The training for CEOs of virtual asset service providers and anti-money laundering practitioners will be held on the 13th of next month as the first half of 2022 education program.
This course was first launched domestically last year to strengthen practical capabilities necessary for virtual asset service providers to fulfill their anti-money laundering obligations under the Act on Reporting and Using Specified Financial Transaction Information.
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This year, the program has been significantly revamped to allow participants to broadly learn about the latest issues and cases along with the theory related to virtual asset anti-money laundering, enabling more in-depth and systematic education, the institute explained.
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