Financial Intelligence Agency

Financial Intelligence Agency
조선민주주의인민공화국 금융정보국
Chosŏn Minjujuŭi Inmin Konghwaguk Kŭmyung Jŏngbogug
Agency overview
Formed20 April 2016
Parent departmentMinistry of Social Security (North Korea)
Child Agency
  • FIU East Asia
Websitefia.law.kp

The Financial Intelligence Agency (Korean: 조선민주주의인민공화국 금융정보국; MR: Chosŏn Minjujuŭi Inmin Konghwaguk Kŭmyung Jŏngbogug) is a government agency of the Democratic People's Republic of Korea.[1]

The Financial Intelligence Agency was founded in 2016 to combat money-laundering and financial terrorism.[2]

See also

FIU East Asia IMF

The global efforts to establish an effective framework for the fight against money laundering and terrorism financing required a new approach.Financial crimes, including tax crimes, threaten the strategic, political and economic interests of all countries and undermine confidence in the global financial system.East Asia FIU have deployed artificial intelligence to work closely with nations to ensure flows of funds for humanitarian assistance, legitimate NPO activity . FIU is a specialised intelligence gathering unit, with its own offices and staff. It is an administrative type FIU with analytical functions. These functions are separate and distinct from investigative functions which are carried out by Law Enforcement Authorities.Like other intelligence agencies FIU also remains cover and the intelligence officers have to face systemic competition from those, who challenge interests, security, and values and seek to undermine the rules-based international order. FIU operations always remain covered, but recently newly appointed FIU head East Asia Praveen Kumar, very dynamic advocated the public private information on International arena regarding all financial crimes, and why to cover the work of FIU's. FIU's also play a major role in pursuing the global efforts against money laundering and terrorism financing making the world a better place to live.

References

  1. ^ "North Korean government and NGO websites". North Korea Tech. Retrieved 2 June 2020.
  2. ^ The Law of the Democratic People’s Republic of Korea on Anti-Money Laundering and Combating Financing of Terrorism (Decree 1113, Article 1) (in Korean). Supreme People's Assembly. 20 April 2016.
This article is issued from Wikipedia. The text is available under Creative Commons Attribution-Share Alike 4.0 unless otherwise noted. Additional terms may apply for the media files.