South Korea

We commit to employ all available means to meet the FATF standards on beneficial ownership that may include law enforcement agencies have full and effective access to beneficial ownership information for companies and other legal entities.

We commit to strengthen our asset recovery legislation, and support a broader use of regional asset recovery practitioners’ network, such as ARIN-AP which Korea holds a role of Secretariat.

We commit to provide adequate protection to those who report corruption by strictly applying the ‘Act on anti-corruption and the Establishment and Operation of the Anti-Corruption and Civil Rights Commission’ and the ‘Act on the Protection of Public Interest Whistleblowers’.

We, with the Online E-Procurement System we have developed, commit to ensure transparency in public procurement.