Kiup Bank (Industrial Bank of Korea (IBK), Korean:기업은행, KRX: 024110) is an industrialbank company headquartered in Jung-gu, Seoul, South Korea. The bank was established in 1961. Its bank slogan in the financial network is "Global Leading Bank." This bank is owned by the Government of the Republic of Korea (South Korea). In 2013 Kwon Seon-joo became its CEO, and thus became South Korea's first female bank CEO.
Industrial Bank of Korea, World's leading financial group with global competitiveness.
-------------------------
IBK 기업은행은 항상 여러분과 소통하겠습니다
-------------------------
IBK기업은행 페이스북 : http://www.facebook.com/SMART.IBK
IBK기업은행 인스타그램 : http://www.instagram.com/goodibk
IBK기업은행 네이버포스트 : http://post.naver.com/good_ibk
IBK기업은행 블로그 : http://blog.ibk.co.kr
IBK기업은행 트위터 : http://twitter.com/SMART_IBK
published: 05 Nov 2020
SME ေတြကို ေထာက္ပံ့ေပးဖို႔ ကိုရီးယားက Industrial Bank of Korea ျမန္မာႏိုင္ငံမွာ ဖြင့္ဖို႔ စီစဥ္ေန
ေဖေဖၚဝါရီ-၁၈၊၂၀၁၉
ကိုရီးယားႏိုင္ငံက Industrial Bank of Korea ဘဏ္ခြဲကို ျမန္မာႏိုင္ငံမွာ ဖြင့္လွစ္ႏိုင္ဖို႔ စီစဥ္ေနတယ္လုိ႕ ကုန္သည္စက္မႈအသင္းခ်ဳပ္ အေထြေထြအတြင္းေရးမွဴးခ်ဳပ္ ဦးေအာင္ၾကည္စုိးက ေျပာပါတယ္။
ဒီဘဏ္ခြဲ႕ဟာ အေသးစားစက္မႈလက္မႈလုပ္ငန္းေတြကို ေငြထုတ္ေခ်းမယ့္အျပင္ လိုအပ္တဲ့နည္းပညာေတြကိုလည္း လုပ္ငန္းခြင္ထဲထိ သြားေရာက္ျဖန္႕ေ၀ေပးမွာျဖစ္တယ္လို႕ ဆိုပါတယ္။
ဒါ့ေၾကာင့္ ျမန္မာႏိုင္ငံမွာရွိတဲ့ SME လုပ္ငန္းေတြကို အေထာက္အကူျပဳႏိုင္ဖို႔ ဘဏ္ခြဲဖြင့္ခ်င္ေၾကာင္း ကုန္သည္စက္မႈအသင္းခ်ဳပ္နဲ႕ ေဆြးေႏြးခဲ့တယ္လို႔ သိရပါတယ္။
လက္ရွိက ျမန္မာႏိုင္ငံကေန ေရထြက္ကုန္၊ ေမြးျမဴေရးနဲ႔ စိုက္ပ်ိဳးေရးထြက္ကုန္ေတြ ကို ကုန္ၾကမ္းအျဖစ္သာ ကိုရီးယားႏိုင္ငံကို ပို႕ေဆာင္ေနတာလို႔ ႕ဆိုပါတယ္။
ကုန္ၾကမ္းေတြကို ကုန္ေခ်ာအျဖစ္ ကိုရီးယားႏိုင္ငံကို တင္ပို႔ဖို႔ ရည္မွန္းထားၿပီး ဒီလို တင္ပို႕ႏိုင္ဖို႔အတြက္ Industrial bank of korea က ကူညီေပးသြာ...
published: 18 Feb 2019
Industrial Bank Of Korea ၏ လက်အောက်ခံဘဏ်အဖြစ် IBK Myanmar Limited ကို ဘဏ်လုပ်ငန်းလိုင်စင်ထုတ်ပေး
ဗဟိုဘဏ်က Industrial Bank Of Korea ၏ လက်အောက်ခံဘဏ်အဖြစ် IBK Myanmar Limited ကို ဘဏ်လုပ်ငန်းလိုင်စင်ထုတ်ပေး++++++++++++++++
မြန်မာနိုင်ငံတော်ဗဟိုဘဏ်က ကိုရီးယားသမ္မတနိုင်ငံက Industrial Bank Of Korea ရဲ့ လက်အောက်ခံဘဏ်အဖြစ် IBK Myanmar Limited ကို ဘဏ်လုပ်ငန်းလိုင်စင်ထုတ်ပေးလိုက်ကြောင်း ဇန်နဝါရီလ (၅)ရက်နေ့မှာ ထုတ်ပြန်ကြေညာလိုက်ပါတယ်။
IBK(မြန်မာ)ဘဏ်ဟာ နိုင်ငံခြားလက်အောက်ခံဘဏ်အဖြစ် မြန်မာနိုင်ငံမှာ ဒုတိယမြောက်ဖွဲ့စည်းတည်ထောင်ခွင့်ရခဲ့ခြင်းဖြစ်ပြီး ဘဏ်လုပ်ငန်းကဏ္ဍ ခေတ်မီဖွံ့ဖြိုးရေးအတွက် မြန်မာနိုင်ငံတော်ဗဟိုဘဏ်ရဲ့ တတိယကြိမ်မြောက် နိုင်ငံခြားဘဏ်ရွေးချယ်ရေးအစီအစဉ်အရ နိုင်ငံခြားဘဏ် လက်အောက်ခံဘဏ်နဲ့ နိုင်ငံခြားဘဏ်ခွဲ (၇)ဘဏ်အနက် IBK(မြန်မာ)ဘဏ်ကို ဒီဇင်ဘာလ (၃၀)ရက်နေ့မှာ ဘဏ်လုပ်ငန်းလုပ်ကိုင်ခွင့်လိုင်စင် ထုတ်ပေးခဲ့တာဖြစ်ပါတယ်။
IBK (မြန်မာ)ဘဏ်ဟာ ပြည်တွင်းဘဏ်များနည်းတူ ကူးသန်းရောင်းဝယ်ရေးဘဏ်လုပ်ငန်းဝန်ဆ...
published: 09 Jan 2021
ibk industrial bank signboard
This is the Industrial Bank of Korea signboard. Industrial Bank of Korea is a bank that supports Korean companies.
published: 01 Mar 2024
Industrial Bank of Korea Settles U.S. and New York State Criminal Charges
Partner Jeffrey Alberts shares his thoughts on the $86 million in penalties imposed on the Industrial Bank of Korea by the Manhattan U.S. Attorney's Office and the New York Department of Financial Services
published: 22 Apr 2020
Manhattan U.S. Attorney Charges Industrial Bank of Korea
Yesterday, the Manhattan U.S. Attorney brought federal criminal charges against the Industrial Bank of Korea.
And the Industrial Bank of Korea (or the IBK) agreed to pay $86 million, both to resolve those criminal charges and to enter into a consent order with the New York Department of Financial Services.
So, financial institutions are now wondering what does this mean for them?
Today I'm going to talk to you about what happened at the IBK and what are some lessons that financial institutions can draw from that.
What happened at the IBK is that a group of individuals took Iranian funds that were then transferred into IBK accounts.
Those accounts were then -- the funds in the accounts -- were then transferred into US dollars.
Then they moved through financial institutions here i...
published: 02 Feb 2021
Interview of Industrial Bank of Korea : Foreign exchange Abnormal transaction Investigation System
Mr. Chandler Kim, a manager of IBK Bank in Korea speaks about its system that has been implemented to detect and investigate Trade-Based Money Laundering and Trade Finance Fraud.
published: 08 Nov 2017
B-PMR - Interview with Industrial Bank of Korea
I.S. Yu, IBK
B-PMR Mission: Korea, March 23-24, 2015
published: 12 Jun 2015
Megatron Team " Red Spaks VS Hi- Pass " Round 6 [RECORD]
Megawati team RED SPRAKS menuju play off V-League 2023-2024
published: 12 Mar 2024
INDUSTRIAL BANK OF KOREA TEAM BUILDING (JUNE 2023)
Industrial Bank of Korea, World's leading financial group with global competitiveness.
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IBK 기업은행은 항상 여러분과 소통하겠습니다
------------------...
Industrial Bank of Korea, World's leading financial group with global competitiveness.
-------------------------
IBK 기업은행은 항상 여러분과 소통하겠습니다
-------------------------
IBK기업은행 페이스북 : http://www.facebook.com/SMART.IBK
IBK기업은행 인스타그램 : http://www.instagram.com/goodibk
IBK기업은행 네이버포스트 : http://post.naver.com/good_ibk
IBK기업은행 블로그 : http://blog.ibk.co.kr
IBK기업은행 트위터 : http://twitter.com/SMART_IBK
Industrial Bank of Korea, World's leading financial group with global competitiveness.
-------------------------
IBK 기업은행은 항상 여러분과 소통하겠습니다
-------------------------
IBK기업은행 페이스북 : http://www.facebook.com/SMART.IBK
IBK기업은행 인스타그램 : http://www.instagram.com/goodibk
IBK기업은행 네이버포스트 : http://post.naver.com/good_ibk
IBK기업은행 블로그 : http://blog.ibk.co.kr
IBK기업은행 트위터 : http://twitter.com/SMART_IBK
ေဖေဖၚဝါရီ-၁၈၊၂၀၁၉
ကိုရီးယားႏိုင္ငံက Industrial Bank of Korea ဘဏ္ခြဲကို ျမန္မာႏိုင္ငံမွာ ဖြင့္လွစ္ႏိုင္ဖို႔ စီစဥ္ေနတယ္လုိ႕ ကုန္သည္စက္မႈအသင္းခ်ဳပ္ အေထြေထြအတြင္းေ...
ေဖေဖၚဝါရီ-၁၈၊၂၀၁၉
ကိုရီးယားႏိုင္ငံက Industrial Bank of Korea ဘဏ္ခြဲကို ျမန္မာႏိုင္ငံမွာ ဖြင့္လွစ္ႏိုင္ဖို႔ စီစဥ္ေနတယ္လုိ႕ ကုန္သည္စက္မႈအသင္းခ်ဳပ္ အေထြေထြအတြင္းေရးမွဴးခ်ဳပ္ ဦးေအာင္ၾကည္စုိးက ေျပာပါတယ္။
ဒီဘဏ္ခြဲ႕ဟာ အေသးစားစက္မႈလက္မႈလုပ္ငန္းေတြကို ေငြထုတ္ေခ်းမယ့္အျပင္ လိုအပ္တဲ့နည္းပညာေတြကိုလည္း လုပ္ငန္းခြင္ထဲထိ သြားေရာက္ျဖန္႕ေ၀ေပးမွာျဖစ္တယ္လို႕ ဆိုပါတယ္။
ဒါ့ေၾကာင့္ ျမန္မာႏိုင္ငံမွာရွိတဲ့ SME လုပ္ငန္းေတြကို အေထာက္အကူျပဳႏိုင္ဖို႔ ဘဏ္ခြဲဖြင့္ခ်င္ေၾကာင္း ကုန္သည္စက္မႈအသင္းခ်ဳပ္နဲ႕ ေဆြးေႏြးခဲ့တယ္လို႔ သိရပါတယ္။
လက္ရွိက ျမန္မာႏိုင္ငံကေန ေရထြက္ကုန္၊ ေမြးျမဴေရးနဲ႔ စိုက္ပ်ိဳးေရးထြက္ကုန္ေတြ ကို ကုန္ၾကမ္းအျဖစ္သာ ကိုရီးယားႏိုင္ငံကို ပို႕ေဆာင္ေနတာလို႔ ႕ဆိုပါတယ္။
ကုန္ၾကမ္းေတြကို ကုန္ေခ်ာအျဖစ္ ကိုရီးယားႏိုင္ငံကို တင္ပို႔ဖို႔ ရည္မွန္းထားၿပီး ဒီလို တင္ပို႕ႏိုင္ဖို႔အတြက္ Industrial bank of korea က ကူညီေပးသြားမွာ ျဖစ္တယ္လို႔ သိရပါတယ္။
ဒါ့အျပင္ ကိုရီးယားႏိုင္ငံနဲ႕ ျမန္မာႏိုင္ငံအၾကားကုန္သြယ္မႈေတြကိုလည္း ျမွင့္တင္ေဆာင္ရြက္သြားဖို႔ ေဆြးေႏြးမႈေတြ ရွိတယ္လို႔လည္း သိရပါတယ္။
ရုပ္သံသတင္းေထာက္ - ေအာင္ေက်ာ္ထြန္း
ဗဟိုဘဏ်က Industrial Bank Of Korea ၏ လက်အောက်ခံဘဏ်အဖြစ် IBK Myanmar Limited ကို ဘဏ်လုပ်ငန်းလိုင်စင်ထုတ်ပေး++++++++++++++++
မြန်မာနိုင်ငံတော်ဗဟိုဘဏ်က ကိုရီးယားသမ...
Partner Jeffrey Alberts shares his thoughts on the $86 million in penalties imposed on the Industrial Bank of Korea by the Manhattan U.S. Attorney's Office and ...
Partner Jeffrey Alberts shares his thoughts on the $86 million in penalties imposed on the Industrial Bank of Korea by the Manhattan U.S. Attorney's Office and the New York Department of Financial Services
Partner Jeffrey Alberts shares his thoughts on the $86 million in penalties imposed on the Industrial Bank of Korea by the Manhattan U.S. Attorney's Office and the New York Department of Financial Services
Yesterday, the Manhattan U.S. Attorney brought federal criminal charges against the Industrial Bank of Korea.
And the Industrial Bank of Korea (or the IBK) ag...
Yesterday, the Manhattan U.S. Attorney brought federal criminal charges against the Industrial Bank of Korea.
And the Industrial Bank of Korea (or the IBK) agreed to pay $86 million, both to resolve those criminal charges and to enter into a consent order with the New York Department of Financial Services.
So, financial institutions are now wondering what does this mean for them?
Today I'm going to talk to you about what happened at the IBK and what are some lessons that financial institutions can draw from that.
What happened at the IBK is that a group of individuals took Iranian funds that were then transferred into IBK accounts.
Those accounts were then -- the funds in the accounts -- were then transferred into US dollars.
Then they moved through financial institutions here in the United States, and were transferred out to financial institutions that had accounts associated with that same first group.
This violated what's known as IEEPA (or the International Emergency Economic Powers Act), which prohibits financial institutions from providing services to Iran or to the Iranian government.
Criminal charges against the IBK were brought by the U.S. Attorney's Office in Manhattan.
In fact, the unit within that office where I used to work!
The charges that were brought were: a felony charge of willfully failing to have an adequate anti-money laundering program, in violation of the Bank Secrecy Act.
Similarly, the consent order that the IBK entered into with the New York Department of Financial Services was also based on failing to comply with anti-money laundering laws.
The key takeaways for financial institutions can be identified by carefully reviewing the charging instrument itself.
Because the U.S. Attorney's Office identified the specific violations within the bank's program that led to the bringing of criminal charges in what might otherwise have been a civil resolution.
So, one of the issues that was focused on was the bank's reliance on manual processing.
And this is something that we've seen elsewhere.
As I've pointed out in writing elsewhere, it's actually legal for a bank to rely on manual review.
In fact, when the Bank Secrecy Act, first was put into effect that was the most common way for financial institutions to review transactions.
But over time, as automated review has grown more sophisticated, both regulators and now we've seen even criminal authorities have focused on the absence of an automated process when identifying violations of the Bank Secrecy Act.
A second issue that's come up is the adequacy of staffing.
And there was a couple of ways this happened for this bank.
One was that there was only a single compliance officer,
And that compliance officer was well behind in reviewing the transactions--months behind.
In fact, that officer was months behind in reviewing the very transactions that later were found to violate AIEEPA.
And a second issue came up when a second person was brought on to assist with review.
That was based on the limited English skills of that individual and the absence of compliance training.
We've seen this elsewhere, particularly in branches of foreign banks, where regulators here in the United States have said it's inappropriate to have compliance functions carried out by an individual who doesn't have compliance training.
And in particular, for foreign banks, when that individual doesn't have a good mastery of the English language, and therefore it wouldn't really be possible for that person to easily get up to speed on how U.S. compliance laws function.
In addition, there were multiple requests that went up the chain from the compliance officer to get more resources.
And those were denied.
Then finally, even after the problem was identified, it took the bank 18 months in order to solve the problem of the automated review.
We've seen this elsewhere.
This may be an instance in which the criminal authorities don't appreciate how long it takes for a bank to update its internal systems.
But it's something that they focus on, and it's therefore something that banks should be aware of.
And the last thing that every bank should be aware of is that the stakes are incredibly high.
We've seen over and over charges against financial institutions for tens of millions or even hundreds of millions of dollars.
Because the stakes are so high, it's incredibly important for those financial institutions to consult with counsel when they're trying to resolve disputes both with a regulator or with criminal authorities.
Yesterday, the Manhattan U.S. Attorney brought federal criminal charges against the Industrial Bank of Korea.
And the Industrial Bank of Korea (or the IBK) agreed to pay $86 million, both to resolve those criminal charges and to enter into a consent order with the New York Department of Financial Services.
So, financial institutions are now wondering what does this mean for them?
Today I'm going to talk to you about what happened at the IBK and what are some lessons that financial institutions can draw from that.
What happened at the IBK is that a group of individuals took Iranian funds that were then transferred into IBK accounts.
Those accounts were then -- the funds in the accounts -- were then transferred into US dollars.
Then they moved through financial institutions here in the United States, and were transferred out to financial institutions that had accounts associated with that same first group.
This violated what's known as IEEPA (or the International Emergency Economic Powers Act), which prohibits financial institutions from providing services to Iran or to the Iranian government.
Criminal charges against the IBK were brought by the U.S. Attorney's Office in Manhattan.
In fact, the unit within that office where I used to work!
The charges that were brought were: a felony charge of willfully failing to have an adequate anti-money laundering program, in violation of the Bank Secrecy Act.
Similarly, the consent order that the IBK entered into with the New York Department of Financial Services was also based on failing to comply with anti-money laundering laws.
The key takeaways for financial institutions can be identified by carefully reviewing the charging instrument itself.
Because the U.S. Attorney's Office identified the specific violations within the bank's program that led to the bringing of criminal charges in what might otherwise have been a civil resolution.
So, one of the issues that was focused on was the bank's reliance on manual processing.
And this is something that we've seen elsewhere.
As I've pointed out in writing elsewhere, it's actually legal for a bank to rely on manual review.
In fact, when the Bank Secrecy Act, first was put into effect that was the most common way for financial institutions to review transactions.
But over time, as automated review has grown more sophisticated, both regulators and now we've seen even criminal authorities have focused on the absence of an automated process when identifying violations of the Bank Secrecy Act.
A second issue that's come up is the adequacy of staffing.
And there was a couple of ways this happened for this bank.
One was that there was only a single compliance officer,
And that compliance officer was well behind in reviewing the transactions--months behind.
In fact, that officer was months behind in reviewing the very transactions that later were found to violate AIEEPA.
And a second issue came up when a second person was brought on to assist with review.
That was based on the limited English skills of that individual and the absence of compliance training.
We've seen this elsewhere, particularly in branches of foreign banks, where regulators here in the United States have said it's inappropriate to have compliance functions carried out by an individual who doesn't have compliance training.
And in particular, for foreign banks, when that individual doesn't have a good mastery of the English language, and therefore it wouldn't really be possible for that person to easily get up to speed on how U.S. compliance laws function.
In addition, there were multiple requests that went up the chain from the compliance officer to get more resources.
And those were denied.
Then finally, even after the problem was identified, it took the bank 18 months in order to solve the problem of the automated review.
We've seen this elsewhere.
This may be an instance in which the criminal authorities don't appreciate how long it takes for a bank to update its internal systems.
But it's something that they focus on, and it's therefore something that banks should be aware of.
And the last thing that every bank should be aware of is that the stakes are incredibly high.
We've seen over and over charges against financial institutions for tens of millions or even hundreds of millions of dollars.
Because the stakes are so high, it's incredibly important for those financial institutions to consult with counsel when they're trying to resolve disputes both with a regulator or with criminal authorities.
Mr. Chandler Kim, a manager of IBK Bank in Korea speaks about its system that has been implemented to detect and investigate Trade-Based Money Laundering and Tr...
Mr. Chandler Kim, a manager of IBK Bank in Korea speaks about its system that has been implemented to detect and investigate Trade-Based Money Laundering and Trade Finance Fraud.
Mr. Chandler Kim, a manager of IBK Bank in Korea speaks about its system that has been implemented to detect and investigate Trade-Based Money Laundering and Trade Finance Fraud.
Industrial Bank of Korea, World's leading financial group with global competitiveness.
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Partner Jeffrey Alberts shares his thoughts on the $86 million in penalties imposed on the Industrial Bank of Korea by the Manhattan U.S. Attorney's Office and the New York Department of Financial Services
Yesterday, the Manhattan U.S. Attorney brought federal criminal charges against the Industrial Bank of Korea.
And the Industrial Bank of Korea (or the IBK) agreed to pay $86 million, both to resolve those criminal charges and to enter into a consent order with the New York Department of Financial Services.
So, financial institutions are now wondering what does this mean for them?
Today I'm going to talk to you about what happened at the IBK and what are some lessons that financial institutions can draw from that.
What happened at the IBK is that a group of individuals took Iranian funds that were then transferred into IBK accounts.
Those accounts were then -- the funds in the accounts -- were then transferred into US dollars.
Then they moved through financial institutions here in the United States, and were transferred out to financial institutions that had accounts associated with that same first group.
This violated what's known as IEEPA (or the International Emergency Economic Powers Act), which prohibits financial institutions from providing services to Iran or to the Iranian government.
Criminal charges against the IBK were brought by the U.S. Attorney's Office in Manhattan.
In fact, the unit within that office where I used to work!
The charges that were brought were: a felony charge of willfully failing to have an adequate anti-money laundering program, in violation of the Bank Secrecy Act.
Similarly, the consent order that the IBK entered into with the New York Department of Financial Services was also based on failing to comply with anti-money laundering laws.
The key takeaways for financial institutions can be identified by carefully reviewing the charging instrument itself.
Because the U.S. Attorney's Office identified the specific violations within the bank's program that led to the bringing of criminal charges in what might otherwise have been a civil resolution.
So, one of the issues that was focused on was the bank's reliance on manual processing.
And this is something that we've seen elsewhere.
As I've pointed out in writing elsewhere, it's actually legal for a bank to rely on manual review.
In fact, when the Bank Secrecy Act, first was put into effect that was the most common way for financial institutions to review transactions.
But over time, as automated review has grown more sophisticated, both regulators and now we've seen even criminal authorities have focused on the absence of an automated process when identifying violations of the Bank Secrecy Act.
A second issue that's come up is the adequacy of staffing.
And there was a couple of ways this happened for this bank.
One was that there was only a single compliance officer,
And that compliance officer was well behind in reviewing the transactions--months behind.
In fact, that officer was months behind in reviewing the very transactions that later were found to violate AIEEPA.
And a second issue came up when a second person was brought on to assist with review.
That was based on the limited English skills of that individual and the absence of compliance training.
We've seen this elsewhere, particularly in branches of foreign banks, where regulators here in the United States have said it's inappropriate to have compliance functions carried out by an individual who doesn't have compliance training.
And in particular, for foreign banks, when that individual doesn't have a good mastery of the English language, and therefore it wouldn't really be possible for that person to easily get up to speed on how U.S. compliance laws function.
In addition, there were multiple requests that went up the chain from the compliance officer to get more resources.
And those were denied.
Then finally, even after the problem was identified, it took the bank 18 months in order to solve the problem of the automated review.
We've seen this elsewhere.
This may be an instance in which the criminal authorities don't appreciate how long it takes for a bank to update its internal systems.
But it's something that they focus on, and it's therefore something that banks should be aware of.
And the last thing that every bank should be aware of is that the stakes are incredibly high.
We've seen over and over charges against financial institutions for tens of millions or even hundreds of millions of dollars.
Because the stakes are so high, it's incredibly important for those financial institutions to consult with counsel when they're trying to resolve disputes both with a regulator or with criminal authorities.
Mr. Chandler Kim, a manager of IBK Bank in Korea speaks about its system that has been implemented to detect and investigate Trade-Based Money Laundering and Trade Finance Fraud.
Kiup Bank (Industrial Bank of Korea (IBK), Korean:기업은행, KRX: 024110) is an industrialbank company headquartered in Jung-gu, Seoul, South Korea. The bank was established in 1961. Its bank slogan in the financial network is "Global Leading Bank." This bank is owned by the Government of the Republic of Korea (South Korea). In 2013 Kwon Seon-joo became its CEO, and thus became South Korea's first female bank CEO.
IndustrialBank of Korea... has affirmed the Long-Term ForeignCurrencyRating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Industrial Bank of Korea (IBK) at 'A+' and 'A1', respectively.
NEW YORK (Reuters) – The Federal ReserveBoard on Tuesday said it is terminating an enforcement action against IndustrialBank of Korea over previous deficiencies in the bank’s risk management and anti-money laundering compliance.