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KakaoBank, Toss Bank team up with Seoul police to prevent youth cyber gambling

KakaoBank and Toss Bank will work with the Seoul Metropolitan Police Agency to build a prevention system that blocks suspected youth cyber-gambling transfers at the remittance stage. The system links gambling risk information confirmed by police with banks’ risk management systems to issue warnings and restrict transfers during financial transactions, and connects users to counselling and treatment and recovery support. The three parties also plan to share suspicious account information and provide guidance through mobile apps.