According to Digital Asset, a South Korean currency exchanger in their 40s, identified as A, has been sentenced to 2 years in prison and fined 133 million KRW by the Seoul Central District Court for unreported virtual asset transactions linked to the Cambodian criminal money laundering organization, Huiong Group. The court found that between 2022 and 2024, A conducted approximately 194 transactions involving digital assets worth around 15.5 billion KRW without reporting to financial authorities. Additionally, between 2021 and 2023, A carried out about 135 unregistered foreign exchange transactions worth 2.9 billion KRW, including remittances to China. This marks the first confirmed guilty verdict by a South Korean court regarding digital asset money laundering allegations tied to the Huiong Group. https://(wublock123.com)/news/korean-exchanger-jae-wong-group-unreported-crypto-trades-jailed-2-years-62542