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South Korea and US Strengthen Cooperation to Combat Money Laundering in Asia-Pacific

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Seoul, April 20 (IANS) South Korea and the United States have agreed on enhancing cooperation to fight money laundering activities in the Asia-Pacific region, Seoul’s financial regulator said on Monday.Earlier this week, Lee Hyung-ju, commissioner of the Korea Financial Intelligence Unit (KoFIU), met Andrea Gacki, director of the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury, in Washington, according to the Financial Services Commission (FSC).The …