The Financial Intelligence Agency (FIA) of the Democratic People’s Republic of Korea (DPRK) is an organization engaged independently in financial intelligence work to conduct anti-money laundering (AML) and countering the financing of terrorism (CFT), in accordance with the Law of the Democratic People’s Republic of Korea on Anti-Money Laundering and Combating Financing of Terrorism.
Since its establishment on February 26, Juche 103(2014), it is engaged mainly in receipt, collection and analysis
of suspicious transactions including in large sums relevant to money laundering (ML) and financing of terrorism (FT), and associated predicate offences from reporting entities or institutions including financial organs, to disseminate the results of the analysis to the financial, administrative and law-enforcement agencies concerned.
It has already set up a system of reporting large and suspicious transactions to prevent ML and FT activities before it is too late, and ensure the security of the financial system.
It undertakes international cooperation and exchanges with the relevant national and international organizations.
In the money laundering intelligence and investigation practices, it will improve international cooperation with AML/CFT partners and international organizations on the principle of equality, mutual benefit and non-interference in each other's internal affairs, and make sincere efforts to carry out its duties in conformity with the international conventions which the DPRK has ratified.