In today’s briefing:
- ESG Risks of Cryptocurrency: Shinhan & Woori Bank Caught in Suspicious Foreign Exchange Transactions
ESG Risks of Cryptocurrency: Shinhan & Woori Bank Caught in Suspicious Foreign Exchange Transactions
- Recently, Shinhan and Woori Bank, biggest commercial banks in Korea, have gone under investigation for their abnormal foreign exchange transactions.
- The incident was categorized as “Risk Oversight” of among 17 ESG issues as the banks are failing in internal control
- There are various potential ESG risks lie with the transactions of cryptocurrency in corporates.
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