Korea Customs Service: The scale of illegal money laundering in the past 5 years reached 11.4 trillion won, with 83% conducted through crypto assets

According to a report by Yonhap News TV, the Korea Customs Service has launched a special operation targeting illegal capital flows in transnational crime. Over the past five years, the scale of illegal "underground remittances" has reached 11.4 trillion won, with approximately 83% conducted through crypto assets.

Recently, a gang involved in illegal fund transfers using stablecoins (such as USDT) was arrested, with an amount involved reaching 920 billion won. In addition, foreign currency smuggling activities have also increased, with a scale of about 240 billion won over the past five years. The Customs Service has formed a 126-member team to strengthen currency concealment checks and combat illegal capital flows and money laundering activities.