The Financial Services Commission announced on the 10th that it would change the ‘Inspection and Sanctions Regulations on Reporting of Specific Financial Transaction Information, etc.’ The FSC specified in its regulations that virtual asset operators should report suspicious transactions and high-value cash transactions, and train employees. In addition, data and information related to reports of suspicious transactions and high-value cash transactions are preserved, and transaction details for each customer are managed, but only transactions with 카지노사이트 verified customers are required. Violation of this may result in a fine of up to 100 million won per case, depending on the item. The amount was raised from the maximum of 10 million won per case in July 2019, but the raised standard also applies to virtual asset providers.
In the case of small businesses, the FSC also newly established a clause that can reduce fines by up to 50% in consideration of the realistic ability 카지노사이트to pay fines and the details and circumstances of violations.
