One user deposited approximately 200 million won (roughly $141,000) into a crypto exchange to purchase USDT, then executed 216 separate withdrawals, each below the previous 1 million won (approximately $700) reporting threshold, CoinTelegraph reported. The structuring was designed to circumvent travel rule monitoring and complicate money-laundering detection, the FIU indicated. Under the old rule, transfers below 1 million won did not require exchanges to collect or share identifying information about the sender and recipient. Transfers of 10 million won or more involving foreign exchanges or personal wallets will trigger mandatory suspicious-transaction monitoring. What VASP Operators Face NowSouth Korea has separately urged the Financial Action Task Force to eliminate transaction thresholds for crypto transfers globally.