South Korea is set to launch a new round of the strictest anti-money laundering (AML) tightening measures, planning to extend the Travel Rule to small transfers under 1 million KRW (approximately $680). Exchanges will be required to collect and share identity information for all crypto transfers, aiming to close loopholes where users 'split transfers' to evade regulations. Regulators will also block high-risk overseas platforms, raise financial review standards for local exchanges, and prohibit individuals with drug-related or tax-related criminal records from serving as major shareholders of crypto platforms. Additionally, the FIU will gain 'pre-freeze account' authority to prevent the escape of funds involved in cases. The new regulations are expected to be legislated by the first half of 2026, marking South Korea's largest AML reform since 2021. (Cointelegraph) https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=52620