- The Financial Services Commission said it will expand investment in a virtual-asset analysis and tracking solution and an AI-based screening system to respond to crypto-related money laundering.
- The FSC said it plans to strengthen the FIU’s suspicious-transaction analysis capabilities by increasing the budget for introducing a virtual-asset analysis and tracking solution by 1.93 billion won and allocating an additional 11.4 billion won for an AI-based screening and analysis system.
- The FSC said it expects that by expanding the operating budget for infrastructure used to investigate unfair trading in virtual assets to 192 million won in 2027, up about 12%, it will improve suspicious-transaction analysis and the completeness of information provided to support law enforcement.
South Korea’s FSC Increases Crypto Money-Laundering Tracking Budget by $1.4 Million
South Korea’s Financial Services Commission has increased its budget for tracking cryptocurrency-related money laundering by $1.4 million. The move signals additional resources for monitoring illicit financial activity involving digital…
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Sep 8, 2026 at 1:18 AM UTC · 2 Min. Lesezeit
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South Korea’s Financial Services Commission will expand investment in a specialized crypto-asset analysis and tracking solution and an artificial intelligence-based screening system to respond to money laundering involving virtual assets, or digital assets.
Digital Asset reported on September 8 that the FSC, in materials submitted to the National Assembly on September 3, increased the budget for introducing a virtual-asset analysis and tracking solution by 1.93 billion won, or about $1.4 million. It also added 11.4 billion won, or about $8.3 million, for the development of an AI-based screening and analysis system.
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