What is North Korea's money laundering scheme?

North Korea carried out an elaborate money laundering scheme for years using a string of shell companies and help from Chinese companies, moving money through prominent banks in New York, according to confidential bank documents reviewed by NBC News.

Is there an AML reporting requirement in South Korea?

Currently, there are no AML-related reporting requirements for lawyers in South Korea. What is considered to be Money Laundering? What criminal conduct is captured by the Money Laundering offences?

Is a visiting lawyer subject to Korean anti-money laundering laws?

There is no anti-money laundering legislation that is specifically applicable to lawyers, so a visiting lawyer shall not be subject to Korean anti-money laundering as his/her status as a lawyer.

Who are the anti-money laundering regulators?

Who are the Anti-money Laundering regulator (s)? The Korea Financial Intelligence Unit (“KoFIU”) has the power to supervise, investigate and take measures (e.g., imposing sanctions against officers, employees and financial institutions) regarding financial institutions’ compliance with their AML obligations.