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FIU Gathers Opinions from Virtual Asset Exchange Representatives on AML Regulations
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6/4/2026AI summary

FIU Gathers Opinions from Virtual Asset Exchange Representatives on AML Regulations

The Financial Services Commission's Financial Intelligence Unit (FIU) met with virtual asset exchange representatives to gather feedback on proposed amendments to the Special Financial Information Act (SFIA) enforcement decree. The industry expressed concerns about mandatory suspicious transaction reporting for all transactions over 10 million won, and the FIU is considering alternative solutions.

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