Suspicious foreign trade payment transaction total rises to 8.5 trillion received, FSS conducts supplemental investigation

[비즈니스포스트] The overall sum of suspicious dollars transferred overseas via business banks was located to be 6.54 billion dollars (8.5 trillion won). According to the Economical Supervisory Services on the 16th, as a result of the bank’s self-inspection, 26 firms (23 corporations excluding duplicates) and $3.15 billion in suspicious international exchange transactions have been counted. […]

International payments, more than the introduced 7 trillion received… Inevitably, the growth of the inspection of the Financial Supervisory Assistance

Junsu Lee Vice President, Economic Supervisory Services (FSS) [사진 제공: 연합뉴스] Given that the unfamiliar total of money transferred overseas by means of domestic banks is acknowledged to be far more than the original estimate and the full exceeds KRW 7 trillion, the ripple of ‘foreign trade transactions exceeding quantities big’ developing. Late very last […]

Financial Supervisory Service to respond to bank financial accidents… Improvement of internal control system and supervisory system

As large-scale financial accidents occur one after another at banks, the financial supervisory authority is making every effort to identify the causes of the accidents and prepare countermeasures. The bank’s internal control system was improved and the supervisory system of the Financial Supervisory Service began an internal review to see if there were any loopholes. […]

Kakao Bank, ‘institutionalism’ due to overseas remittance problem and lending to major shareholders

[사진=카카오뱅크] Kakao Bank was sanctioned by the Financial Supervisory Service for ‘institutionalism’ and fines for negligence due to problems in the overseas remittance process. According to the financial industry on the 29th, the Financial Supervisory Service (FSS) issued an ‘institutionalism’ in its recent inspection of Kakao Bank after it found violations of the obligation to […]

[백브리핑AI] Lee Bok-hyeon, head of the Financial Supervisory Service, keep distance (?)… I couldn’t be invited to Shinhan Financial, Daishin Securities, or NH Investment

[인포스탁데일리=김현욱AI 앵커] Director Lee Bok-hyun of the Financial Supervisory Service had a meeting with the CEOs of financial investment areas such as securities companies and asset management companies. However, what is peculiar is that large domestic securities firms, such as NH Investment & Securities, Shinhan Financial, and Daishin Securities, are known to have not been […]

Jeong Eun-bo, head of the Financial Supervisory Service, needs to intensively inspect the short-term financial and foreign currency funds markets

On the 25th, the Governor of the Financial Supervisory Service Jeong Eun-bo held an emergency financial market situation inspection meeting to check internal and external risks and instruct responses. [사진=금감원] “In relation to Russia’s invasion of Ukraine, it is necessary to focus on short-term financial markets and foreign currency funds markets.” Jeong Eun-bo, head of […]