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APG to survey S. Korea's anti-money laundering system

Written: 2001-05-11 00:00:00Updated: 0000-00-00 00:00:00

The Asia Pacific Group on Money Laundering wants to send a team of officials to survey South Korea's legal system on preventing money laundering.

The group had recently notified the South Korean government of its decision to send a delegation by the end of this year. The Ministry of Finance and Economy hasn't yet decided when to accept the delegation.

South Korea wants to receive the delegation after it enacts an anti-money laundering bill.

The bill is still pending within the National Assembly amid political wrangling between the ruling and opposition parties.

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