The Korean National Police Agency has launched a specialized task force to combat money laundering involving virtual assets like USDT. This initiative, led by the Economic Crime Investigation Department, aims to enhance the tracing of illicit proceeds and apply legal measures against money laundering activities. The task force will work in conjunction with cybercrime, cyberterrorism, major crimes, and drug investigation units. Efforts will include improved training on virtual asset tracing, monitoring high-value bank accounts linked to cryptocurrency exchanges, and evaluating risks at unregistered exchange points.
South Korean Police Form Task Force to Tackle USDT Money Laundering
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