Virtual asset exchange Fobblegate (CEO Lee Cheol-i) will work with GTOne, a company specializing in compliance and governance software, to build an anti-money laundering (AML) system by June. To this end, on the 8th (Tuesday), related training was conducted for all employees in the company’s conference room.
The AML system is a legal and institutional device to detect and prevent illegal money laundering at home and abroad. It is based on systems such as suspicious transaction report, high cash transaction report, customer verification, internal control duty and data preservation duty. In accordance with the enforcement of the ‘Revision Act on the Reporting and Use of Specific Financial Transaction Information (Special Act)’, virtual asset exchanges must fulfill their AML obligations.
Poblegate conducted internal training to rethink the efficient operation of the system and the ability of all employees to perform related tasks. This training was conducted on the topics of ▲customer verification duty ▲customer risk assessment model ▲transaction monitoring ▲AML internal control system at the financial institution level. In addition, the management plans to enhance the understanding of the system by strengthening the law-abiding spirit and professionalism of all executives and employees by conducting online training on anti-money laundering by the Korea Financial Research and Training Institute.
Cheol-I Lee, CEO of PobleGate, said, “PobleGate has established an internal compliance room for the establishment and efficient operation of the AML system. We will do our best to ensure that the system operates efficiently.”
In addition to this, Poblegate has introduced Dow Jones Risk & Compliance solution to strengthen AML. By collaborating with domestic and foreign companies, such as verifying smart contract technology, we are working to strengthen the system for protecting customer assets.
FINTECHPOST
Author/ Translator: Jamie Kim
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