PANews reported on March 5 that according to the Korea Economic Daily TV, South Korea's financial authorities plan to strengthen the anti-money laundering (AML) system to combat new financial crimes, including cryptocurrency crimes. The Financial Intelligence Unit (FIU) under the Financial Services Commission (FSC) held an anti-money laundering inspection consultation meeting on March 5 and informed relevant agencies of the inspection plan. FIU will focus on and respond to new money laundering methods, such as illegal activities using virtual accounts and simplified transfers.