On Mar. 13, 2024, SK FSS said guidance will be extended for 1 year till Mar. 16, 2025.
Requires 10 financial associations to set promotion plans for preventing illegal acts.
At the same time, SK FSS will promote revisions to Special act on prevention of loss caused by telecommunications-based financial fraud, to convert it into regulations.
By imposing the duty on financial companies to set up PR plans, add data collection and warnings re telecommunications-related financial fraud to scope of SK FSC work.
In Jan. 2025, SK FSS proposed to further extend anti-fraud campaigns, see #240736.
On Jan. 16, SK FSS proposed to extend joint campaign against frauds.
SK FSS proposed to extend the validity of Administrative guidance on joint promotion to prevent illegal financial activities, to proactively respond to illegal financial activities.
Follows SK FSS Mar. 2022 extended joint publicity on illegal acts, see #133349.
Also follows SK FSS Nov. 2023 meeting to combat illegal private finance, see #191349.
Extension
Financial fraud response team shall conduct joint, intensive, and continuous campaigns through the pan-financial sector public relations task force to eradicate financial fraud.
SK FSS requests for mobilization of all available paid or free promotional methods.
Detailed activities will be implemented after a plan is built through the task force.
Consultation Period
Comments shall be submitted by Feb. 22, 2024.
Mar. 2024 Extension Finalized
On Mar. 13, 2024, SK FSS said guidance will be extended for 1 year till Mar. 16, 2025.
Requires 10 financial associations to set promotion plans for preventing illegal acts.
At the same time, SK FSS will promote revisions to Special act on prevention of loss caused by telecommunications-based financial fraud, to convert it into regulations.
By imposing the duty on financial companies to set up PR plans, add data collection and warnings re telecommunications-related financial fraud to scope of SK FSC work.
In Jan. 2025, SK FSS proposed to further extend anti-fraud campaigns, see #240736.
Regulators
SK FSS
Entity Types
CNSM; Corp
Reference
RF, Gd 2016-11004, 3/13/2024; CP 1/16/2024; Law 19418, 5/16/2023
