The Korea Economic Daily reported that the police have begun forming a dedicated task force (TF) for money laundering crimes, as there has been a series of cases recently where criminal proceeds were laundered using virtual assets such as Tether (USDT). The police have established a 'Comprehensive Response Plan to Eradicate Money Laundering' which includes these details. This is because unregistered virtual asset exchange offices, which convert Tether, are spreading across Seoul as Tether is being misused as a means of illegal money laundering. According to the plan, a 'TF for Promoting the Eradication of Money Laundering Crimes' has been formed, with the head of the Economic Crime Investigation Division serving as the team leader. The Cybercrime Investigation Division, Cyber Terrorism Response Division, Violent Crime Investigation Division, and Drug Crime Investigation Division are expected to participate in the TF. The Criminal Intelligence Division has also been included in the TF to unearth intelligence and enhance its utilization.
