Korean National Police University Holds Conference on Anti-Money Laundering and Financial Fraud Prevention

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[Asia Economy Reporter Seongpil Cho] On the 27th, the Korean National Police University announced that it held an academic conference in Asan, Chungnam, with Dunamu, the operator of 'Upbit,' the largest digital virtual asset exchange in Korea, on the theme of 'Proactive Response to Digital Asset Crimes and Protection of Victims.'

At this academic conference, the importance of cooperation among related organizations was confirmed to prevent the rapidly increasing financial crimes using digital assets, and the current status of developing advanced investigative techniques applying information and communication technology was shared. In addition, in-depth discussions were held to find legal and institutional alternatives for future responses to financial crimes and protection of victims.

In the keynote speech, Professor Hyungjoong Kim of Korea University's Graduate School of Information Security suggested ways to create a safe virtual asset trading environment by understanding the decentralized 'decentralized finance' process and actively applying information and communication technology to investigative techniques. In the subsequent conference, presentations and discussions were held on topics such as prevention of financial crimes, tracking digital voice phishing crimes and big data analysis for anti-money laundering, response technologies to the increasing misuse of virtual assets in cybercrimes, and protection of digital asset consumers.

Chulgu Lee, President of the Korean National Police University, stated the purpose of the seminar, saying, "We have prepared a forum where government, industry, and academia can discuss strategies and cooperation systems to respond to financial crimes using digital assets evolving in the non-face-to-face era." Seokwoo Lee, CEO of Dunamu, emphasized the importance of collaboration, saying, "While it is of course important to respond through investigative tracking after crimes occur, preventive measures must be established through cooperation among various institutions to ensure investors do not suffer damages."

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