INTERPOL chief Jean Michelle Louboutin says massive profits lay behind the cross-continental gambling crackdown that is illegal.
INTERPOL has established the arrests of 1,400 people across East Asia; the outcome of the campaign that is six-week split up illegal gambling systems in the region. The operation, code-named Operation SOGA V, was a joint work between law enforcement from China, Hong Kong, Macau, Malaysia, Singapore and Vietnam, and coordinated by INTERPOL, and saw the seizure of almost $12 million.
Prohibited gambling is rife in East Asia, and bets put through the betting syndicates, which are often controlled by organized crime, dwarf the European that is legal and American gambling markets many times over. Since it is clandestine and unregulated, it’s difficult to position a figure in simply how much the market is actually worth, but Foreign Policy magazine recently estimated that it could be around $450 billion.
It’s also believed that $140 billion in dirty cash is laundered through industry each year. INTERPOL said this week that the organizations split up within the raid that is latest were estimated to own managed around $2.2 billion worth of bets, most of those through unlawful online gambling sites.
‘ The results of this operation that is latest SOGA are significant in relation to the volume of bets being handled by these illegal gambling dens, along with the number of arrests,’ said Jean-Michel Louboutin Continue reading “INTERPOL Swoops Down in Illegal Gambling Crackdown”