South Korea's National Tax Service (NTS) is investing 2.99 billion won in an AI-based system to track cryptocurrency tax evasion, with a focus on Tether laundering. The system, set to be operational by the end of the year, will analyze virtual asset transactions and blockchain data to identify suspicious activities. This initiative is part of a broader effort to address financial crimes linked to digital assets, including money laundering and tax evasion. In parallel, South Korean police are intensifying their crackdown on Tether laundering operations, which involve converting criminal proceeds into USDT for overseas transfers. The police are enhancing their investigative capabilities with specialized training and have allocated nearly 100 million won for these efforts. These measures reflect a coordinated approach by South Korean authorities to strengthen their response to crypto-related financial crimes.