South Korean financial authorities are going inspect three domestic banks later this month in order to check their compliance with anti-money laundering (AML) rules for cryptocurrency exchange accounts, CoinDesk reported.

The Financial Services Commission (FSC) and the Financial Intelligence Unit (FIU) will be inspecting NongHyup, KB Kookmin, and KEB Hana from April 19 to 25, 2018.

Last September, the FSC banned initial coin offerings (ICOs) in the country. Earlier this year, the regulator banned cryptocurrency trading using anonymous accounts.

Following the anonymous cryptocurrency trading ban, a number of banks including NongHyup, KookMin, Shinhan, KEB Hana, IBK, and JB, have been working to implement the new procedures. The inspection by the FSC and the FIU will focus on the banks’ compliance with the recently introduced real-name verification rules for crypto exchanges. They will also look into the number of accounts held by these exchanges and respective deposit amounts.

“The financial institution [will] be inspected to check whether the real name deposit / withdrawal account service is provided, and the size of dealings (the number of accounts held and the amount of deposits),” the official release said (loosely translated).

The FIU urged other financial institutions to conduct their own inspection in order to ensure their compliance with the new AML rules.