South Korean crypto exchanges reported 50% more suspicious transactions in 2023
The FIU has been actively encouraging crypto exchanges to report any transactions that raise suspicions of money laundering and illegal “foreign exchange outflow.”
According to South Korea’s Financial Intelligence Unit (FIU), the local virtual asset exchanges reported 49% more suspicious transactions to the FIU last year than in 2022.
On Feb. 14, the FIU published the summary of its Work Plan for 2024, in which it shared crucial data and strategic initiatives for crypto market oversight.
The FIU has been actively encouraging crypto exchanges to report any transactions that raise suspicions of money laundering and illegal “foreign exchange outflow.”
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