[Infostock Daily= Reporter Park Sang-In] Last year, A Asset Management made a financial accident worth 123.2 billion won by fraud, such as forging loan documents of local operators related to overseas real estate funds. It is difficult to get caught due to the public offering of employees and customers, and the lack of compliance and ethics of some employees has caused major financial accidents.
According to the Financial Supervisory Services 'Present Status and Response Plan for Financial Accidents in 2019', the total number of financial accidents decreased, but the amount of financial accidents increased.
The amount of financial accidents in 2019 was 310.8 billion won, up 139.8% from the previous year (129.6 billion won). Large financial accidents over 10 billion won increased to six last year. In 2018, it was just one case.
Among the types of accidents, the amount of accidents was 'fraud' and the number of accidents was 'embezzlement and use'. The number of frauds was 46, up three from the previous year (43 cases). The amount of the accident was 220.7 billion won, up 150.8 billion won from 69.9 billion won a year ago.
Four out of six large financial accidents of more than 10 billion won are fraud types through forgery of loan documents of small and medium-sized financial companies such as trusts and asset management companies.
The number of accidents by financial sector was 63 cases (44.7%) in 'small and medium-sized people'. The amount of the accident was the highest at 'financial investment' with 202.7 billion won (65.2%).
The Financial Supervisory Service plans to conduct annual inspections of major types of accidents by business area that occurred last year by reflecting the focus of inspection and internal audit consultation.
In addition, the government plans to establish internal control procedures for large-scale loans and investments to prevent accidents of loan and investment fraud using counterfeit and false documents, which are major types of large financial accidents, and check whether they are implemented.
Reporter Park Sang-In si2020@infostock.co.kr
