| Article 2 |
The terms used in these Regulations are defined as follows:
1. Deposit accounts: They refer to checking deposit, demand deposit, and time deposit accounts established in financial institutions specified in Subparagraph 1 and Subparagraphs 3 to 7, Paragraph 1, Article 5 of the Money Laundering Control Act.
2. Electronic payment accounts: They refer to electronic payment accounts described in Subparagraph 4, Article 3 of the Act Governing Electronic Payment Institutions.
3. Credit cards: They refer to credit cards described in Subparagraph 1, Article 2 of the Regulations Governing Institutions Engaging in Credit Card Business.
4. Credit card settlement number: It refers to the account number set by a card issuer for the cardholder for the payment of accounts payable for credit cards.
5. Virtual account number: It refers to a virtual payment account number assigned by a deposit business institution to a payer or a designated transaction that can be used by the payer or the trader to deposit funds into the corresponding physical deposit account.
6. Virtual asset account: It refers to an account provided to a customer by a business or person providing virtual asset services (hereinafter referred to as a "virtual asset service provider") for the purpose of providing virtual asset services.
7. Watch-listed deposit account: It refers to a deposit account that a court, public prosecutor’s office, or a judicial police authority has notified deposit business institutions to classify as watch-listed.
8. Watch-listed e-payment account: It refers to an electronic payment account that a court, public prosecutor’s office, or a judicial police authority has notified electronic payment institutions to classify as watch-listed.
9. Watch-listed virtual account: It refers to a virtual account that a court, public prosecutor’s office, or a judicial police authority has notified deposit business institutions to classify as watch-listed.
10. Watch-listed credit card settlement number: It refers to a credit card settlement number that a court, public prosecutor’s office, or a judicial police authority has notified deposit business institutions to classify as watch-listed.
11. Watch-listed virtual asset account: It refers to a virtual asset account that a court, public prosecutor’s office, or a judicial police authority has notified virtual asset service providers to classify as watch-listed.
12. Deposit business institution: It refers to financial institutions specified in Subparagraph 1 and Subparagraphs 3 to 7, Paragraph 1, Article 5 of the Money Laundering Control Act.
13. Electronic payment institution: It refers to an electronic payment institution as described in Subparagraph 1, Article 3 of the Act Governing Electronic Payment Institutions.
14. Credit card business institution: It refers to an institution engaging in credit card business described in Subparagraph 7, Article 2 of the Regulations Governing Institutions Engaging in Credit Card Business.
15. Card issuer: It refers to a card issuer described in Subparagraph 9, Article 2 of the Regulations Governing Institutions Engaging in Credit Card Business.
16. Fraud prevention platform: It refers to a system platform established, with the approval of the Financial Supervisory Commission (hereinafter referred to as the "FSC"), by a financial information service enterprise engaged in inter-financial institution funds transfer and settlement or a service enterprise engaged in the processing and exchange of credit information among financial institutions under Article 47-3 of the Banking Act, for the purpose of preventing fraud crimes. The platform assists financial institutions or virtual asset service providers under the Act in conducting intra-industry or cross-industry cooperation to collect, process, and use customer information within the necessary scope, and in using technological means to analyze and identify abnormal deposit accounts, electronic payment accounts, credit cards, or virtual asset accounts suspected of involvement in fraud.
17. Participating institution of the fraud prevention platform: It refers to a financial institution or virtual asset service provider participating in the fraud prevention platform. |