Wire · regulatory
South Korea and FATF: Crypto, Scam Compounds and Grey List Shifts
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Fusion42 · 3 November 2026 · Fusion42 review
South Korea’s Financial Intelligence Unit highlighted significant anti-money laundering initiatives from the FATF October 2026 plenary, focusing on virtual asset oversight, scam compound financial networks, and changes to the grey list of monitored jurisdictions. South Korea is preparing for FATF's fifth-round assessment with an emphasis on practical implementation of virtual asset regulations and enhanced registration and transfer controls.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
You need to act on South Korea’s move from rulebooks to proving virtual asset controls actually work in practice. Compliance teams must focus now on operational effectiveness to avoid regulatory surprises ahead of FATF’s 2027 assessment.
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1 source · 3 Nov 2026
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