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A defendant shall be punished by imprisonment for one year.
However, the execution of the above punishment shall be suspended for two years from the date this judgment became final and conclusive.
Reasons
Punishment of the crime
1. Any person who intends to conduct foreign exchange business in violation of the Foreign Exchange Transactions Act shall prepare sufficient capital, facilities and human resources to conduct foreign exchange business and register such business with the Minister of Strategy and Finance in advance as prescribed by Presidential Decree;
On February 16, 2011, the Defendant, without registering with the Minister of Strategy and Finance, received KRW 30 million from F to H account in the name of G, and paid 30 million to H account in the name of G, as well as deposited into 12 accounts in the name of G over 795 times from June 26, 2012, the Defendant conducted foreign exchange payment agency business equivalent to the sum of KRW 5,112,112,00 in total by providing it on-site in the name of the Republic of Korea.
B. On February 16, 201, the Defendant, without registering with the Minister of Strategy and Finance, received from the Minister of Strategy and Finance a paint of KRW 10,000,000 from the Republic of Korea, and transferred KRW 10,000,000 from the H account in the name of G to the account designated by the said I, as well as from 884 times until June 28, 2012, the Defendant received a paint of KRW 4,471,016,190 in total from a large number of unspecified customers who wish to transfer from the Philippines to Korea and transferred the equivalent amount to the account designated by the customers from 12 accounts in the name of G to the account.
2. No person violating the Electronic Financial Transactions Act may transfer or take over access media unless otherwise specifically provided for in any other Act in using and managing the means of access:
A. On February 201, 201, the Defendant: (a) within the Mesa City of Mesa in the Mesa City of Mesa; (b) G’s L account in the name of G; (c) new bank M account; (d) the Nong Bank N account; (e) the Nong Bank account; and (e) the National Bank P.