Bonanza Factory Holds Seminar on Global Financial Crime Threats and K-Security Cooperation Model

Bonanza Factory, a digital-asset compliance company, said Aug. 11 that it took part in a seminar at Seoul's Coex on global financial crime threats and a K-security cooperation model, where it presented the latest trends in cross-border financial crime involving digital assets and response strategies.

The seminar was held as a concurrent conference during the 20th ISEC 2026, South Korea's largest information security event. ISEC was hosted by the Korea Financial Crime Prevention Association and organized by the Financial Crime Analysis Center at the Police University and the Korean Association of Police Studies. More than 180 experts from the financial and security industries, law enforcement agencies and academia attended. The head of the National Investigation Headquarters at the Korean National Police Agency delivered congratulatory remarks.

A key agenda item was an information-sharing system for telecommunications financial fraud under Article 13-4 of the Telecommunications Fraud Victim Refund Act, which took effect on Aug. 4.

Kim Young-seok, Bonanza Factory's chief executive officer, said financial crime involving digital assets is spreading across borders, underscoring the need for information sharing between private companies and investigative agencies and for a rapid system to block illicit funds.

TRM Labs data showed illicit digital-asset inflows rose 51% from a year earlier to $20.7 billion last year. Bonanza Factory's own analysis also found that mentions related to Tether, or USDT, based crime on Telegram jumped 824% over six months.

Kim outlined three strategies to respond to cross-border financial crime: proactive detection through cooperation between private intelligence firms and investigative agencies, immediate blocking by linking banks' payment suspension data with exchange wallet restrictions, and borderless coordination through direct connections with overseas exchanges.

He said those efforts should form the basis of a K-security cooperation model involving investigative agencies, the Korea Financial Crime Prevention Association and private intelligence companies.

"The implementation of Article 13-4 has created an institutional foundation for information sharing," Kim said. "If the law has opened the way for information sharing, technology must now analyze that information faster than criminals and turn it into blocking measures." He added that Bonanza Factory, as the private-sector pillar of the K-security cooperation model, will lead efforts to upgrade a real-time blocking network linking banks, exchanges and investigative agencies.