콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Economy Financial Policy

Print

Experiences and methodology of Korea’s anti-money laundering system deployment and development

Related Document
Frame of Image  Anti-Money Laundering E System Deployment and Development
Supervised by	 Prepared by	 Author	
Financial Services Commission, Republic of Korea Samil PricewaterhouseCoopers 	 	 hang-Joo Lee, Samil PricewaterhouseCoopers, Director C Jin-Chun Lee, Samil PricewaterhouseCoopers Consulting, Senior Manager
Advisory
Chul-Hwan Lee, Korea Institute of Finance, Non-standing Commissioner (Former KoFIU’s Commissioner)
Research Management	 Supported by	
KDI School of Public Policy and Management 	 Ministry of Strategy and Finance (MOSF), Republic of Korea
Government Publications Registration Number 11-7003625-000027-01 ISBN 979-11-5545-046-8 94320 ISBN 979-11-5545-032-1 [SET 42] Copyright © 2013 by Ministry of Strategy and Finance, Republic of Korea
Government Publications Registration Number 11-7003625-000027-01
Knowledge Sharing Program
2012 Modularization of Korea’s Development Experience
Experiences and Methodology of Korea’s Anti-Money Laundering System Deployment and Development
Preface
The study of Korea’s economic and social transformation offers a unique opportunity to better understand the factors that drive development. Within one generation, Korea has transformed itself from a poor agrarian society to a modern industrial nation, a feat never seen before. What makes Korea’s experience so unique is that its rapid economic development was relatively broad-based, meaning that the fruits of Korea’s rapid growth were shared by many. The challenge of course is unlocking the secrets b


Full Text
Title Experiences and methodology of Korea’s anti-money laundering system deployment and development
Similar Titles
Project Category Development Cases
Material Type Reports
Author(English)

Lee, Chang-Joo; Lee, Jin-Chun

Publisher

Seoul:KDI School of Public Policy and Management

Date 2013
Project Development Cases
Series Title; No Knowledge Sharing Program: KSP Modularization
ISBN 979-11-5545-046-8 94320; 979-11-5545-032-1 [SET 42]
Pages 146
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Financial Policy
Holding KDI School of Public Policy and Management
Supervisor KDI School of Public Policy and Management
Organizer Financial Services Commission(Republic of Korea); Samil PricewaterhouseCoopers
Sponsor Ministry of Strategy and Finance(Republic of Korea)

Abstract

In today’s global economic conditions, the economy of one country is inextricably linked to another in various ways. The wave of liberalization in several sectors including trade, financing, and capital led by major developed countries from the 1970s gained momentum as information technology developed at a breakneck pace from the 1980s up until today. Liberalization expanded to agriculture, finance, medicine, and education, thus resulting in a rapid increasing scale and frequency of capital flows compared to the past capital flows (borrowing from ‘2.2.1 Background of AML System’).
To fight money laundering and tax evasion accompanied by rapid changes in global economic conditions, Korea enacted and enforced the Presidential Financial and Economic Emergency Order on Real Name Financial Transactions and Guarantee of Secrecy of 1993, the Act on Special Cases Concerning the Prevention of Illegal Trafficking in Narcotics, etc. of 1995, and the Act on Special Cases Concerning Forfeiture for Offences by Public Officials of 1995.(The rest omitted)

User Note

Government Publications Registration Number 11-7003625-000027-01