According to the Financial Services Commission of South Korea, financial authorities made local banks and companies use the tools, services and markets that follow KYC and AML policies.
It is important to note that 60 crypto platforms work in this country, but only four companies integrated AML solutions.
Not so long ago, financial authorities had a conference. They discussed that banks and financial organizations should pay close attention to digital assets and transfers made via these coins. These assets should be considered as a high risk of money laundering.