The police will establish a 'tracking investigation team' for criminal proceeds to minimize damage from voice phishing. The police are promoting the establishment of a team that specializes in tracking and confiscating criminal proceeds, including those from voice phishing, gang crimes, and drug-related crimes. The police plan to establish this team in 18 metropolitan and provincial police agencies, including the Seoul Metropolitan Police Agency, within this month. The team will be composed of 4 to 6 investigators and will track and investigate not only the suspects but also the money trails of criminal proceeds. The police will also actively utilize financial transaction information and implement a system to quickly respond to voice phishing crimes. The police aim to achieve a 30% reduction in voice phishing damages this year compared to last year. In 2022, the number of voice phishing cases reported to the police was 1,266, with damages amounting to 35.8 billion KRW. The police expect that the establishment of the tracking investigation team will help minimize damage from voice phishing and other crimes. The police plan to continuously work on strengthening their response to voice phishing and other crimes.
The police are creating a dedicated investigative team to track criminal profits from crimes such as voice phishing and illegal financial transactions. They plan to establish a specialized team within each police station to trace the flow of funds before they are laundered or hidden. The Korea Police Headquarters released a plan on November 11th to enhance the system for tracking crime profits.
The goal is to help victims recover economic losses and break the financial cycle of crime. The police will divide the teams by year-end, with the Seoul and Gyeonggi South police divisions operating the 'Crime Profit Relay Team' and 'Fund Tracking Investigation Team.' The new Fund Tracking Investigation Team will focus on money laundering investigations and financial transaction analysis provided by financial authorities.
The police plan to install Fund Tracking Investigation Teams in all police headquarters by the first half of next year. They will also deploy 'Crime Profit Relay Officers' at seven police stations in Seoul, Busan, and Gyeonggi by the second half of this year. These officers will have relevant qualifications such as accounting licenses or a master's degree in police management to support the frontline investigators in tracking crime profits and relaying funds.
The police's performance in relaying funds has significantly improved, with the number of protected cases increasing from 96 in 2019 (702 billion won) to 3,400 in 2020 (8,500 billion won), a 35-fold increase. The top types of crimes are gambling establishments and organized gambling, followed by drug-related crimes and other types of fraud.
The police plan to strengthen collaboration with financial authorities such as the Financial Information Analysis Center and the Financial Supervisory Service. National Police Headquarters Deputy Head Hong Hyuk-gi stated that they aim to expand the perspective of police investigations from suspecting and punishing to helping victims recover from their losses.
Written by urgent.news from Hankyoreh's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.