According to the Korea Economic Daily, the Korean National Police Agency is drafting a “Comprehensive Response Plan to Root Out Money Laundering,” and plans to form a money-laundering crimes special TF led by the Economic Crime Investigation Department. Members will include departments such as cybercrime, cyber terrorism, violent crime, drug crimes, and criminal intelligence. The report says that Korean police believe that in recent cases, criminal proceeds being laundered via virtual assets such as USDT have increased rapidly, and unreported crypto exchange points are also spreading in Seoul and other areas. The police plan to crack down on money laundering as an independent offense and apply specific financial information laws to unregistered virtual asset service providers.

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