Regtech: Compliance Firm Uppsala Security to Create Virtual Asset AML Solution for South Korean Crypto Exchange
April 5, 2021 @ 11:53 pm By Omar Faridi
Uppsala Security, a provider of tools for Crypto AML, Risk Management, Regulatory Compliance, and Cybersecurity, has revealed they’ve entered into a contract to create a ‘Virtual Asset AML’ solution for the
Coin&Coin exchange that “complies with the amendment of the Special Money Act in South Korea.”
As mentioned in an update, Coin & Coin is a digital asset exchange that’s based in South Korea. The trading platform has launched several different security services including KT FSCD (Financial Security Data Center) and BITGO Multisig Wallet and is “the 13th exchange to receive official ISMS (Information Security Management System) approval before the amendment of the Special Money Act in South Korea.”
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ISO 27001 | INFORMATION SECURITY MANAGEMENT SYSTEMS
ISO 27001:2013 is the international standard that provides a framework for Information Security Management Systems (ISMS) to provide continued confidentiality, integrity and availability of information as well as legal compliance.
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ISO 27001 certification is essential for protecting your most vital assets like employee and client information, brand image and other private information. The ISO standard includes a process-based approach to initiating, implementing, operating and maintaining your ISMS.
ISO 27001 implementation is an ideal response to customer and legal requirements such as the GDPR and potential security threats including: cyber crime, personal data breaches, vandalism / terrorism, fire / damage, misuse, theft and viral attacks.