Regulatory or system enforcement implemented
Under the new system, MOIS provides deceased information to financial companies daily, and financial firms check death status in real time before transactions, blocking them immediately when confirmed; 4,890 financial companies including banks, insurance, card, securities, savings banks, and mutual finance participate.
내일부터 '사망자 명의 금융거래' 전면 차단…사망신고 다음날 자동 정... ↗원문 위치 · Body paragraphs 4-5
The Ministry of Interior and Safety, Financial Services Commission, Financial Supervisory Service, and Korea Credit Information Services announced the full operation of the 'rapid blocking system for deceased-name financial transactions' involving all sectors of the financial industry.
내일부터 '사망자 명의 금융거래' 전면 차단…사망신고 다음날 자동 정... ↗원문 위치 · Body paragraph 2