South Korea’s Biggest Banks Face Inspection into Cryptocurrency Accounts: Report

According to this Korean publication, Yonhap is an intelligence unit in South Korea's financial affairs. This financial supervisory service has jointly inspected the banking accounts provided for the cryptocurrency exchanges in six major local banks. These South Korean officials have started inspection in bank accounts linked to the cryptocurrency exchange to link the alleged money laundering and betting business.

Under the FSS in its FSS financial monitoring this week, 'intensive investigation' will be done between Monday and Thursday between the accounts of Monday and Thursday. These Kofiu are monitors for Korea's money laundering and terrorist financing. This report discloses to a senior official of the State Regulatory Financial Services Commission.

Source - https://www.ccn.com/south-korea-inspects-cryptocurrency-accounts-major-banks-report/