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FATF-INTERPOL partnership: putting trillions in illicit profits back into legitimate economies.

Financial authorities attend int'l anti-money laundering meeting

The Financial Services Commission (FSC), along with the Financial Supervisory Service (FSS) and other government agencies, attended the fifth Plenary of the Financial Action Task Force (FATF) held in Paris, France, from last Thursday to Friday, joining the international anti-money laundering organization s efforts to fight cross-border crime and terrorism. According to the FSC Sunday, Park Jung-hoon, the Commissioner of Korea Financial Intelligence Unit (KoFIU), held a meeting with Raja Kumar, the president of the FATF, on the sidelines of the plenary meeting schedule. Park also held bilateral talks with Executive Secretary of the FATF Violaine Clerc, as well as Kevin Vandergrift and Joel Godard, who lead the FATF s Training Institute (TRAIN).

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