SOUTH KOREA STRENGTHENS MONEY LAUNDERING CONTROLS TO RESIST FINANCIAL CRIME FROM THE NORTH
February 1st, 2007
BY ANDREW SALMON, in SeoulLAST October, South Korea was admitted as an observer to the world's premier group of money laundering fighters - the Financial Action Task Force (FATF) and given the nation's recent moves to strengthen its anti-money laundering regime its path to full membership in approximately two years appears smooth.However, just north of the country's border, arguably the world's most prominent case of alleged money laundering has, since 2005, become inextricably linked with the North Korean nuclear arms negotiations. If the recently agreed ...
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