South Korea notifies 27 foreign VASPs of registration obligations
South Korea's KoFIU notified 27 foreign VASPs that services targeting Korean users had to register by September 24. The regulator warned that unregistered services could face website blocking and other enforcement, turning the March AML regime into a cross-border compliance requirement.
South Korea's KoFIU notified 27 foreign VASPs that services targeting Korean users had to register by September 24. The regulator warned that unregistered services could face website blocking and other enforcement, turning the March AML regime into a cross-border compliance requirement.
Distinct cross-border enforcement stage in the March-to-September Korean VASP chronology.