Korea Customs Busts International Crypto Ring in $102M Laundering Crackdown

TLDR: Korea Customs Service discovered 148.9 billion won laundered through crypto accounts and Korean banks. Multi-country cryptocurrency purchases were transferred to South Korean wallets before conversion to cash. Laundering network operated for nearly three years disguising transfers as surgery and education payments. Enhanced surveillance targets cryptocurrency foreign exchange violations following successful investigation.   South Korea’s [...]

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