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DFS asks South Korean banks to track crypto-currency transactions

The Financial Services Department of the State of New York asked the banks of South Korea to transmit information about the current crypto-currency transactions.

According to sources, DFS sent messages to the New York branches of six South Korean Banks to request information about current transactions involving digital currency.

Also, the service asked to report the results of the local inspections of the Financial Supervision Service and the Financial Intelligence Unit to verify compliance with the obligations in the fight against money laundering.

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The US is requesting inside information from South Korean banks

One source said that they received an official letter, and now the issue of providing internal data is being discussed by the management of the bank branches, Business Korea reports .

According to an official statement, the state authorities of New York asked to provide information on internal guidelines and local regulations of banks, including identification by real name in operations with crypto-currencies, as well as reports on combating illegal financial transactions

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DFS asks South Korean banks to track crypto-currency transactions

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