The amount of ‘abnormal overseas remittance’ remitted overseas through domestic banks is known to exceed the original estimate, exceeding 7 trillion won. Prosecutors are suspicious of the so-called ‘Hwanchigi’ aimed at the ‘kimchi premium’, where the domestic virtual asset (cryptocurrency) market price is higher than overseas.
According to Yonhap News on the 14th, the Financial Supervisory Service (FSS) identified more than 4.39 trillion won in overseas remittances between Shinhan Bank and Woori Bank at the end of last month, and conducted a self-investigation of 2.6 trillion won in major inspection transactions with all banks. implemented As a result of its own investigation, it was found that banks reported suspicious transactions in amounts that exceeded the FSS’s original estimate of 7 trillion won.
The FSS started an on-site investigation of Woori Bank and Shinhan Bank in June and found a total of 4.39 trillion won in problematic transactions, including 1.6 trillion won and 2.5 trillion won, respectively.
Last month, it ordered all banks to conduct their own investigation and report on transactions worth 2.6 trillion won, including remittance transactions related to virtual assets. In response, banks submitted their own inspection status, and it was found that the amount of overseas remittances exceeded 7 trillion won.
The anti-corruption department of the Daegu District Prosecutor’s Office received inspection data from Woori Bank and Shinhan Bank from the Financial Supervisory Service on the same day and detained three people related to a ghost corporation on charges of submitting false evidence to the bank while conducting virtual asset trading and remittance of 400 billion won in foreign currency. . The prosecution is considering the possibility that it may be related to arbitrage using the difference in virtual asset price between domestic and overseas virtual asset exchanges.
Accordingly, the FSS is expected to impose large-scale sanctions on all banks related to overseas remittances. On the 11th, Lee Bok-hyeon, the head of the Financial Supervisory Service, warned reporters of disciplinary action, saying, “We are taking the foreign exchange transaction seriously. There will be no choice but to impose sanctions.”
Reporter Doo-Hyun Hwang, BloomingBeat [email protected]
