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South Korea Expands Travel Rule and Investigates Police Corruption
11/28/2025, 07:36
AI SUMMARY
●South Korea expands Travel Rule to transactions under 1 million KRW
●Two police officers indicted for bribery in $186M crypto laundering case
●Regulators tighten AML measures and crack down on illegal operators
The South Korean Financial Services Commission announced the expansion of the "Travel Rule" to include transactions below 1 million KRW (approx. $680). This measure aims to strengthen anti-money laundering controls within the domestic crypto market.
In a related legal development, two police officers have been indicted for accepting bribes from illegal crypto exchange operators involving a $186 million money laundering scheme. Authorities have frozen related illegal assets.