Golden Finance reported that the Korean Monetary Authority announced that after inspections of major electronic financial business operators, electronic financial services have been identified as a major risk factor for money laundering. The e-finance industry uses each company's own network to move prepaid electronic payments, making it difficult to trace the movement of funds.

Therefore, there is a risk that anyone can deposit into the virtual account assigned to the customer by the electronic financial business, and cannot know the real name and account number of the actual depositor, which may cause money laundering. In addition, although the top-up limit is limited to 2 million won, there is a possibility of money laundering through self-sales, repeated payments using disguised affiliates, and cashing out of highly liquid products such as precious metals by taking advantage of the fact that funds are transferred without restrictions.
Accordingly, the Korean Financial Supervisory Service plans to conduct follow-up management of companies that find defects through the "Anti-Money Laundering Internal Control Seminar" to strengthen the business capabilities of the entire electronic financial industry.