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Regtech: Compliance Firm Uppsala Security to Create Virtual Asset AML Solution for South Korean Crypto Exchange


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.” ....

Soult Ukpyolsi , South Korea , Jeon Hyeonpung , Financial Sector Development Grant , Fcoin Exchange , Risk Management Solutions , Financial Action Task , Monetary Authority Of Singapore , Ministry Of Science , Financial Security Data Center , Uppsala Security , Risk Management , Regulatory Compliance , Virtual Asset , Special Money Act , Information Security Management System , Special Money , Financial Action Task Force , Risk Based Approach , Money Laundering , Terrorist Financing , Financial Intelligence Unit , Korea Financial Intelligence Unit , Korea Country Manager , Know Your Customer , Threat Intelligence Indicators ,