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S. Korea’s Severe Financial System Distributes W1.6 Trillion

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(1)Virtual accounts with gambling and phishing tools…KRW 1.6 trillion in circulation

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(1)Data Screen YTN Virtual Account Mass Production Caught
(2)Payment agency supervision required
(3)Similar crimes are rampant…Managing gambling sites with virtual accounts, etc

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(1)Data Screen YTN Virtual Account Mass Production Caught
(2)23 people from 5 organizations nationwide were arrested
(3)The financial authorities won’t be able to figure out if the police illegal funds are exchanged

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(1)Virtual account mass production caught 10 crime distribution funds of 1.6 trillion
(2)Request for improvement of the system, such as granting reporting obligations to payment agencies

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(1)Virtual account mass production detected
(2)Payment agency supervision required
(3)Kim Jae-chun, head of the violent crime investigation team at the Daejeon Police Agency
(4)There was almost no limit to creating virtual accounts
(5)The entire financial authorities system

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(1)Virtual account mass production detected
(2)23 people from 5 organizations nationwide were arrested
(3)Kim Jae-chun, head of the violent crime investigation team at the Daejeon Police Agency
(4)There is no pre-post search check function for this…

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(1)Virtual account mass production detected
(2)1.6 trillion in criminal distribution funds
(3)Financial Supervisory Service to take necessary legislative measures

Crime-related funds circulated through the accounts they sold were estimated to be 1.6 trillion won

It has been pointed out that even if a virtual account is abused for a crime, there is no way to identify it in advance, and similar crimes are repeated

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