South Korea Refers Four To Prosecutors Over $204M Crypto Payments For Illegal Car Exports To Russia, Belarus
5 Articles
5 Articles
The Incheon Customs Headquarters has referred a group of four to the prosecution for illegally exporting over 1,000 used cars to sanctioned countries, including Russia, without permission and laundering the proceeds through virtual assets. A total of 11 billion won in fines was imposed for document forgery and the misuse of virtual assets, and authorities plan to strengthen the screening of suspicious transactions and the tracking of virtual ass…
A group that illegally exported over 1,000 used cars exceeding 2,000cc to a country subject to international sanctions and pocketed approximately 280 billion won through an illegal currency exchange scheme using virtual assets has been apprehended by customs authorities. The Incheon Headquarters Customs Office [indicted] the export company representative, Mr. G (in his 40s), and a transportation agency on charges of violating the Customs Act and…
A group that illegally exported used cars to countries subject to international sanctions and received the proceeds in virtual assets has been apprehended by customs authorities. The Incheon Headquarters Customs Office announced on the 31st that it has referred four individuals, including A, a representative of an export company in his 40s, and officials from a transportation agency, to the prosecution without detention on charges of violating t…
South Korea ' s Incheon Regional Customs has detected illegal exports of used cars to Russia and Belarus, circumventing existing restrictions. 4 persons have been handed over to the Public Prosecutor ' s Office and reported to the Customs, and from March 2024 to February 2026, members of the scheme have taken 1,024 used cars with a volume of [...] to Russia and Belarus without the necessary permits.
South Korea Refers Four To Prosecutors Over $204M Crypto Payments For Illegal Car Exports To Russia, Belarus
BitcoinWorld South Korea refers four to prosecutors over $204M crypto payments for illegal car exports to Russia, Belarus South Korean customs authorities have referred four individuals to prosecutors for allegedly orchestrating the illegal export of over 1,000 used cars to Russia and Belarus, with payments settled in cryptocurrency to circumvent international sanctions. The Incheon Main Customs office confirmed the group, including a foreign na…
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