{"id":259,"date":"2022-10-17T09:09:57","date_gmt":"2022-10-17T09:09:57","guid":{"rendered":"http:\/\/live-script.xyz\/report-south-korean-prosecutors-seek-software-to-track-and-monitor-crypto-transactions\/"},"modified":"2022-10-17T09:09:57","modified_gmt":"2022-10-17T09:09:57","slug":"report-south-korean-prosecutors-seek-software-to-track-and-monitor-crypto-transactions","status":"publish","type":"post","link":"https:\/\/live-script.xyz\/report-south-korean-prosecutors-seek-software-to-track-and-monitor-crypto-transactions\/","title":{"rendered":"Report: South Korean Prosecutors Seek Software to Track and Monitor Crypto Transactions"},"content":{"rendered":"<p><strong>South Korean prosecutors investigating a $7.22 billion money laundering case are reportedly seeking to acquire virtual currency tracking software to be used in monitoring crypto transactions. South Korean financial authorities also believe there is a tax evasion angle to the case.<\/strong><\/p>\n<h2>Real-Time Tracking<\/h2>\n<p>According to a report, the Seoul Central District Prosecutors Office, which is investigating the unsanctioned remittance of $7.22 billion (10 trillion won), is reportedly seeking to acquire virtual currency software. Prosecutors believe such tracking software will enable them to monitor virtual currency transactions in real-time.<\/p>\n<p>As stated in a Kmib <a href=\"https:\/\/news.kmib.co.kr\/article\/view.asp?arcid=0017566752&amp;code=61141111&amp;cp=nv\">report<\/a>, prosecutors are hoping that the software will allow them to extract the history between wallets under investigation and crypto exchanges. They also hope to uncover the source and destination of the laundered funds using the software.<\/p>\n<p>We intend to purchase tools to investigate cases involving cryptocurrencies.<\/p>\n<p>The plan by the Seoul Central District Prosecutors Office to acquire computer software to aid its investigations comes shortly after South Korea\u2019s Financial Supervisory Service revealed that five major commercial banks were involved in the money laundering case.<\/p>\n\n<p>In addition to the money laundering charges, the Kmib report says South Korean financial authorities also believe there is a tax evasion angle to the case, hence the roping in of the country\u2019s tax body.<\/p>\n<p><em><strong>What are your thoughts on this story? Let us know what you think in the comments section below.<\/strong><\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>South Korean prosecutors investigating a $7.22 billion money laundering case are reportedly seeking to acquire virtual currency tracking software to be used in monitoring crypto transactions. South Korean financial authorities also believe there is a tax evasion angle to the case. Real-Time Tracking According to a report, the Seoul Central District Prosecutors Office, which is [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Report: South Korean Prosecutors Seek Software to Track and Monitor Crypto Transactions - Latest Cryptocurrency &amp; blockchain News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/live-script.xyz\/report-south-korean-prosecutors-seek-software-to-track-and-monitor-crypto-transactions\/\" \/>\n<meta property=\"og:locale\" content=\"ko_KR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Report: South Korean Prosecutors Seek Software to Track and Monitor Crypto Transactions - Latest Cryptocurrency &amp; blockchain News\" \/>\n<meta property=\"og:description\" content=\"South Korean prosecutors investigating a $7.22 billion money laundering case are reportedly seeking to acquire virtual currency tracking software to be used in monitoring crypto transactions. 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