China’s gambling crackdown spawned wave of illegal online casinos and crypto-crime in Asia

Global crime networks have set up shop in autonomous territories run by armed gangs across Southeast Asia, and are using them to host physical and online casinos that, in concert with crypto exchanges, have led to an explosion of money laundering, cyberfraud, and cybercrime across the region and beyond. The scenario above was outlined on Monday by the United Nations Office on Drugs and Crime (UNODC) in a new report [PDF] titled “Casinos, Money Laundering, Underground Banking, and Transnational Organized Crime in East and Southeast Asia:

Source: The Register

 


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