A큐온 Savings Bank "Enhancing Anti-Money Laundering System... Will Meet Regulatory Standards"

"Advancement of Risk Assessment Model and Suspicious Transaction Reporting Rules"
"Establishment of a Dedicated Anti-Money Laundering Task Force"

Accuon Savings Bank announced on the 25th that it has completed the advancement of its Anti-Money Laundering (AML) system. The bank enhanced its Customer Risk Assessment (RA) model and Suspicious Transaction Report (STR) rules, and established a dedicated AML task force.

Accuon Savings Bank began the system advancement project in August last year and, after a development period of six months including a one-month stabilization phase, ensured the stable operation of the AML system.

The system improvements included enhancements to the RA and STR rules. By linking the Fraud Detection System (FDS) with customer financial transaction information, the accuracy of detecting illegal suspicious transactions and the response capability were increased.

The customer verification area was also strengthened. The current status of customer verification information was thoroughly analyzed to quickly verify any errors or missing data. The customer verification information management process was built to be more efficient.

Accuon Savings Bank plans to revise its internal regulations in accordance with AML policies and the latest regulations, and to operate customer verification processes, suspicious transaction reporting, and internal control systems more systematically.

Additionally, a dedicated AML team was formed to handle AML tasks. Training will be provided to enhance the AML capabilities of employees. The bank aims to engage in proactive risk management.

Kim Sang-eok, Compliance Officer at Accuon Savings Bank, stated, "Through system advancement, we will continuously maintain and improve an AML framework that meets financial regulatory standards," adding, "We will continue to faithfully fulfill our AML obligations to become a trusted financial institution."

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