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Korea Customs Service Commissioner: "Will restore status as a drug-free country… will end money laundering exploiting virtual assets"

Uk Jin
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  • The Korea Customs Service said it will strengthen monitoring of money laundering that exploits "virtual assets."
  • It said it will scrutinize clues related to criminal organizations' fund distribution to sever the "financial chains of transnational crime."
  • It also said it will prepare measures to enforce and manage foreign currency outflows to establish "order in foreign exchange transactions."
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  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

On the 2nd, Commissioner Lee Myung-gu of the Korea Customs Service said, "To restore the status as a drug-free country, we will block drug smuggling at the border."

In the New Year's address distributed that day, the commissioner said, "We will actively grant incentives such as promotions and awards to employees who achieve outstanding results in drug enforcement and investigations," and added, "We will meticulously monitor not only money laundering that abuses virtual assets but also even minor clues related to the fund distribution of criminal organizations, and completely sever the financial chains of transnational crime."

He also said, "We will prepare measures to ensure strict enforcement and management of foreign currency outflow controls to establish a fair order in foreign exchange transactions."

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Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.

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