Anti-Money Laundering
KGI Life periodically examines internal AML/CFT regulations and operations, and reviews monitoring patterns and reporting standards when appropriate, in order to improve the quality of suspicious transaction reports (STRs), better prevent crimes, and occurrence reporting. In 2023, KGI Life amended the "Money Laundering and Terrorism Financing Risk Assessment and Prevention Policy," "Directions for Assessment and Prevention of Money Laundering and Terrorism Financing Risks," "Guidelines Governing Anti-Money Laundering and Countering Terrorism Financing," "Detailed Guidelines for Anti-Money Laundering and Countering Terrorism Financing," and "Guidelines for Sharing Data on Anti-Money Laundering and Countering Terrorism Financing" in alignment with laws and practices.
Establish the AML/CFT risk management framework for corporate governance, system design, control and procedure, risk management, and independent audits, and incorporate AML/CFT awareness into the corporate culture through information system use, process management, and the development of employees' professional competencies.