South Korean police have established a special task force (TF) to crack down on money laundering activities involving USDT.

The Korean National Police Agency has formulated a comprehensive anti-money laundering response plan and established a specialized task force (TF) led by its Economic Crime Investigation Department, focusing on money laundering crimes involving virtual assets such as USDT. This TF will collaborate with departments handling cybercrime, cyberterrorism response, major crimes, and drug investigations to strengthen the tracing of illicit proceeds and separately apply relevant legal provisions to prosecute money laundering activities. Additionally, the police will enhance training on virtual asset tracing, closely monitor high-value bank accounts linked to domestic cryptocurrency exchanges, and assess money laundering risks associated with unregistered virtual asset exchange points.