TechFlow News: On March 17, according to South Korean media NewDaily, the Financial Supervisory Service (금감원) and the Korea Customs Service (관세청) jointly signed the "Memorandum of Understanding (MOU) for Joint Response and Interception of Transnational Criminal Funds" with nine domestic credit card companies and the Credit Finance Association, aiming to cut off the channels used for illegal currency exchange and cross-border fund transfers via cryptocurrency at the source.

According to the agreement, all parties will integrate overseas credit and debit card usage records with entry and exit data and conduct coordinated analysis to identify and intercept abnormal transactions related to voice phishing and cryptocurrency crimes. Previously, the Korea Customs Service and each card company held their information independently, which significantly limited their ability to detect abnormal transactions. The Credit Finance Association will act as an intermediary coordination hub for information sharing and will regularly operate practical mechanisms to enforce the agreement.