Korea

South Korea became an APG member in March 1998 and joined the FATF in October 2009.. South Korea held the APG Co-chair role from 2002 - 2004.

The Republic of Korea (South Korea) has a developed anti-money laundering system. South Korea has enacted anti-money laundering and combating the financing of terrorism laws and established a Financial Intelligence Unit.

South Korea was evaluated jointly by the FATF and APG in July 2019. The report of that evaluation was adopted at the FATF plenary meeting in February 2020 and by the APG in July 2021. The full report is available via Documents in Members and Observers, and Mutual Evaluation Reports - 3rd Round.

Link to FIU: Korea Financial Intelligence Unit (KoFIU)

Bank of Korea

 

Korea FUR 2024
2 Apr 2025 | 4.7 MB
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Korea MER 2020 - published version
31 Aug 2021 | 3.55 MB
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Korea MER 8th Follow-Up Report (June 2014)
29 Jun 2015 | 639.15 KB
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Korea MER 2009
1 Jul 2013 | 1.77 MB
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