CRYPTOCURRENCY IN KOREA: AML LAW

Interviewee: Ohoon Kwon, partner attorney at Cha & Kwon Law Offices Lawyer Kwon explains the new requirements cryptocurrency businesses in Korea needs to follow according to the recent AML Act Amendment. 00:01 - Introduction 00:34 - What is AML Law? 01:01 - What is AML? 01:23 - Importance of the AML Act Amendment 02:25 - VASPs as Financial Institutions? 03:15 - What should VASPs do to get ready? 03:44 - ISMS Certificates, Real Name Bank Accounts, Clean Criminal Records 04:41 - Enforcement date? 05:04 - Teaser