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Article: KOREA'S KFIU JOINS EGMONT GROUP TO FIGHT MONEY LAUNDERING.
- Article from:
- AsiaPulse News
- Article date:
- June 5, 2002
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SEOUL, June 5 Asia Pulse - The Korean Financial Intelligence Unit (KFIU) yesterday joined the Egmont Group which is dedicated to eradicating money laundering through the exchange of information and personnel among financial intelligence units (FIUs) from 58 countries, the Ministry of Finance and Economy said Wednesday.
The 10th general assembly of the Egmont Group in Monaco allowed the KFIU to become its 59th member, Ministry Spokesman Lee Chul-hui said, noting that South Korea is the fifth Asian member after Hong Kong, Taiwan, Japan and Thailand.
The Egmont Group, which was launched in Brussels in 1995, conducted two rounds of preliminary examinations ...