South Korea’s FIU launches an AML reform taskforce, aiming to tighten crypto rules, prepare for stablecoin oversight, and align with global standards ahead of the 2028 FATF Evaluation review

The taskforce will focus on tightening regulation of virtual asset service providers, including expanding the travel rule to cover transfers below KRW 100 million and developing AML measures for upcoming stablecoin rules. It will also seek to align Korea’s AML regime more closely with global standards, including measures such as suspending suspicious accounts during investigations and extending AML obligations…