The Financial Intelligence Agency () is a government agency of the
Democratic People's Republic of Korea
North Korea, officially the Democratic People's Republic of Korea (DPRK), is a country in East Asia. It constitutes the northern half of the Korea, Korean Peninsula and borders China and Russia to the north at the Yalu River, Yalu (Amnok) an ...
.
The Financial Intelligence Agency was founded in 2016 to combat
money-laundering
Money laundering is the process of illegally concealing the origin of money obtained from illicit activities (often known as dirty money) such as drug trafficking, sex work, terrorism, corruption, and embezzlement, and converting the funds into ...
and
financial terrorism.
See also
*
Financial intelligence
Financial intelligence (FININT) is the gathering of information about the financial affairs of entities of interest, to understand their nature and capabilities, and predict their intentions. Generally the term applies in the context of law enfo ...
* FIU
IMF
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of la ...
Advisory on North Korea’s Use of the International Financi
System, recently on a private interview with east Asia FIU head Praveen Kumar, who advocated private public partnerships and nations to build up strong financial intelligence can alar
democratic people's Republic of Korea
''FIU East Asia
IMF
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of la ...
''
The global efforts to establish an effective framework for the fight against money laundering and terrorism financing required a ne
approachFinancial 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
External links
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Law enforcement in North Korea
North Korean intelligence agencies
Anti-money laundering organizations
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