INTERPOL chief Jean Michelle Louboutin says massive earnings lay behind the cross-continental illegal gambling crackdown.
INTERPOL has established the arrests of 1,400 people across East Asia; the result of a campaign that is six-week split up illegal gambling networks in your community. 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 can be controlled by organized crime, dwarf the European that is legal and American gambling markets many times over. That it could be around $450 billion because it is clandestine and unregulated, it’s difficult to place a figure in how much the market is actually worth, but Foreign Policy magazine recently estimated.
It’s also believed that $140 billion in dirty cash is laundered through the marketplace each year. INTERPOL said this week that the organizations split up in the latest raid were estimated to possess handled around $2.2 billion worth of bets, most of those through illegal online gambling sites.
‘ The results of this operation that is latest SOGA are significant in relation to the quantity of bets being handled by these illegal gambling dens, plus the number of arrests,’ stated Jean-Michel Louboutin, INTERPOL’s executi Continue reading INTERPOL Swoops Down in Illegal Gambling Crackdown