South Korean seminar to outline the nation’s growing role and risks in combating financial crime
The event at the National Assembly will feature Representative Kim Yong-pan of the People’s Power Party and Geon-Seob Song, Korea’s first private sector recipient of the AML commendation.
MIAMI, June 07, 2022 (GLOBE NEWSWIRE) — South Korea’s fight against money laundering will soon be bolstered by new recruits from the public and private sectors after lawmakers, academics and other stakeholders will meet at the National Assembly on June 8e for a seminar on the evolution of the national regime for the fight against financial crime (AFC). Hosted by the Korea AML Academic Society, the “3-Hour Seminar on Preventing Financial Crimes and AML” will include remarks from representatives of the country’s legislature, cryptocurrency industry, and AFC compliance industry , including Mr. Geun-Seob Song, the ACAMS Country Business Development Director of Korea and incoming Chairman of the Korea Anti-Money Laundering Association (KaAML).
Mr. Song, who last year became the first private sector recipient of the Financial Services Commission’s prestigious Anti-Money Laundering Merit Commendation, will deliver the seminar’s keynote address before Representative Kim Yong- pan from the People Power Party, Yoon Chang-hyun from the People Power Party and Scott Liles, CEO of ACAMS. Launched in 2007 to mark the establishment of the Korea Financial Intelligence Unit (KoFIU), the Anti-Money Laundering Merit Award received by Mr. Song is awarded annually to an exemplary expert in anti-money laundering working within of the Financial Monitoring Service of the Supreme Prosecutor’s Office of Korea. Customs Service, National Revenue Service, National Police Agency, other eligible law enforcement agencies or financial sector.
The June seminar highlights South Korea’s growing role in the fight against financial crime as the country continues to pioneer global efforts to regulate and supervise the crypto-asset industry.
“More and more, South Korea is proving to the world that it is determined to dismantle money laundering networks, and there is no better way to do this than by calling rallies like this. ci to raise awareness and foster greater collaboration between the public and private sectors,” said ACAMS CEO Scott Liles. “When legislators, regulators, law enforcement officials and chief executives companies work in tandem, criminals learn the hard way that financial crime doesn’t always pay.”
“As a mission-driven organization for AFC professionals, ACAMS is grateful to the Korea Academic Society for giving us this opportunity to play a part in what we hope will be one of many gatherings like this,” Liles said. “We are also very proud of all the hard work Geun-Seob Song has undertaken to support and educate compliance practitioners across Korea.”
About ACAMS®
ACAMS is the largest international membership organization dedicated to providing financial crime prevention (AFC) education, best practices and peer-to-peer networking opportunities for AFC professionals worldwide. With over 90,000 members in 180 jurisdictions, ACAMS is committed to ending financial crime by providing knowledge sharing services on anti-money laundering/counter-terrorism financing and sanctions, thought leadership, risk mitigation services, ESG initiatives and platforms for public-private dialogue. The association’s CAMS certification is the benchmark qualification for AFC professionals, while the CGSS certification is its premier specialist qualification for sanctions professionals. ACAMS’s 60 chapters around the world further amplify the association’s mission through educational and networking initiatives. Visit acams.org for more information.
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