An employee of the foreign exchange team of the Bank of Busan in South Korea repeatedly misappropriated client funds amounting to 1.48 billion won (about $1.1 million) between June 9 and July 25 this year, and invested the funds in bitcoin and other cryptocurrency. Bank of Busan will take legal action against the employee and conduct a self-audit. There have been more than 10 cases of bank employee embezzlement in South Korea this year, including one Woori Bank employee who allegedly embezzled nearly 70 billion won ($53.6 million) from 2012 until earlier this year, the report said. was discovered. The Korea Financial Supervisory Authority is currently developing stricter guidelines for banks' internal control systems to prevent such incidents.
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