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Report: Banks Are More Vulnerable to Terrorist Financing Than Crypto

Report: Banks are More Vulnerable to Terrorist Financing than Crypto

A risk assessment report released by the Financial Information Unit (FIU) found banks more vulnerable to money laundering and terrorist financing risks than cryptocurrencies, Business Korea reported. The division of South Korea’s Financial Services Commission researched its domestic financial sector, which includes banks, securities companies, insurers, mutual financing companies, credit card services, and even crypto exchanges.








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