Offshore money laundering soars

Korea Customs Service said Monday that it unearthed 52 cases of illegal money laundering by Koreans in foreign countries from January to August whose combined amount reached 187.7 billion won.

According to a report by KCS sent to the National Assembly, the agency detected 33 cases worth 33.5 billion won in 2009 and 44 cases worth 92.4 billion won in 2010.

This year, most money laundering by Koreans was done in the United States, which accounted for 157.5 billion won of the total.

(From news reports )