South Korea’s Financial Intelligence Unit (FIU) has announced five strategies and 12 implementation tasks to prevent money laundering, terrorist financing and proliferation financing ahead of the Financial Action Task Force’s (FATF) fifth mutual evaluation, scheduled to begin in March 2028 and last approximately 14 months. The plan includes a system to identify the beneficial owners of corporations and trusts, gradual anti-money-laundering obligations for designated non-financial businesses and professions, proactive account freezes linked to crimes such as drug trafficking and gambling, and expanded analysis using additional personnel, upgraded systems, artificial intelligence and virtual-asset tracking tools. The strategy also highlights capacity pressures: suspicious transaction reports tied to virtual assets rose about 312-fold to 62,055 in 2025 from 199 in 2021, while the FIU has 80 employees overall and 43 assigned to screening and analysis.