Korean Financial Crime Prevention Association holds 'Virtual Asset Crime Tracking Seminar' for police investigators

The Korean Financial Crime Prevention Association will hold a 'Virtual Asset Crime Tracking Seminar' for police investigators on the 10th.

At this seminar, practical specialized training and knowledge will be shared with around 200 field investigators nationwide, aiming to strengthen response capabilities against crimes exploiting virtual assets (cryptocurrencies).

Recently, as cases of virtual assets being used for concealing criminal proceeds and money laundering, including drugs, gambling, and sexual exploitation, have surged, it has become increasingly important to secure analytical capabilities based on the transaction flow and characteristics of domestic criminal organizations, and to provide field investigators with practical tracking techniques.

Despite the outstanding capabilities of global virtual asset analysis companies, there are limitations to analyses tailored to domestic circumstances, making collaboration between domestic private analysis experts and investigative agencies even more essential.

At this seminar, a large number of private experts in virtual asset investigation and analysis participated to share field-based cases.

Kim Sung-jae, an investigator at the Seoul Metropolitan Police Agency, gave a presentation on 'Virtual asset-based fund concealment techniques and cases,' while section chief Gil Min-seong presented on 'Virtual assets and online drug crimes.'

From the private sector, Bonanza Factory—a company specializing in digital asset compliance—proposed technical response measures. Han Tae-woo, director at Bonanza Factory, shared cooperation cases with investigative agencies and data analysis methods based on exchanges under the topic 'Collection and tracking of exchange transaction information,' and CEO Kim Young-seok introduced 'Latest virtual asset crime trends and examples,' explaining recent domestic virtual asset crime cases, their features, and private sector response strategies.

In the subsequent panel discussion, experts including Professor Seo Jun-bae of the Korean National Police University and Ko Chul-soo, senior advisor at Kim & Chang Law Office, discussed policy and technical measures to respond to virtual asset crimes.

A representative of the Korean Financial Crime Prevention Association stated, "This seminar will contribute to raising response capabilities at investigation sites in response to increasingly sophisticated virtual asset-based crimes and to strengthening links with private sector technology," adding, "The association will continue to take the lead in building a sound virtual asset ecosystem through cooperation with investigative agencies, private companies, and academia."