17th Anti-Money Laundering Day Commemoration Ceremony Held

The Financial Intelligence Unit (FIU) announced on the afternoon of the 28th that it held the '17th Anti-Money Laundering Day' commemorative ceremony at the International Conference Room of the Bankers' Hall in Jung-gu, Seoul, with about 200 financial sector officials, including Financial Services Commission Chairman Kim Ju-hyun, in attendance.

At the awards ceremony for meritorious contributors, awards were presented to seven institutions and 26 individual contributors who contributed to anti-money laundering efforts. Welcome Savings Bank was recognized for faithfully operating its own anti-money laundering system and received the Presidential Institutional Citation. In addition, Mirae Asset Securities and Shinhan Card received the Prime Minister's Citation, while IBK Pension Insurance, Hana Capital, China Construction Bank, and Daol Savings Bank each received the Financial Services Commission Chairman's Citation.

Furthermore, 26 individuals, including law enforcement agency staff from the Supreme Prosecutors' Office, National Tax Service, Customs Service, and National Police Agency, as well as anti-money laundering officers from financial companies, were recognized for their diligent performance in anti-money laundering duties and received the Financial Services Commission Chairman's Citation (individual).

Chairman Kim said in his commemorative speech, "Recognizing that the starting point of anti-money laundering is frontline financial companies, we will provide policy support to help financial companies enhance their own anti-money laundering capabilities by encouraging improvements in vulnerabilities through periodic capability assessments."

He continued, "The FIU will focus its examination and analysis capabilities on crimes using virtual assets such as drugs and gambling, as well as illegal private financing directly related to citizens' lives, to eradicate drug, gambling, and livelihood crimes and recover criminal proceeds to the fullest extent. We will strengthen reporting reviews and inspections of virtual asset service providers to prevent virtual assets from being misused for money laundering and ensure thorough protection of users."

Shim Woo-jung, Deputy Chief Prosecutor of the Supreme Prosecutors' Office, stated, "Based on various suspicious transaction analysis data provided by the FIU, the prosecution has confiscated and preserved assets worth approximately 1.78 trillion won this year and indicted more than 2,200 participants in money laundering crimes. Going forward, the prosecution will continue to cooperate with the Financial Intelligence Unit and other law enforcement agencies to do its best in recovering criminal proceeds and preventing money laundering."

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