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INTERPOL Swoops Down in Illegal Gambling Crackdown

INTERPOL Swoops Down in Illegal Gambling Crackdown

INTERPOL chief Jean Michelle Louboutin says massive earnings lay behind the cross-continental illegal gambling crackdown.

INTERPOL has established the arrests of 1,400 individuals across East Asia; the outcome of the six-week campaign to separation illegal gambling sites in the region. The operation, code-named Operation SOGA V, was a joint effort 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 wagers placed through the betting syndicates, which can be controlled by organized crime, dwarf the European that is legal and American gambling markets many times over. Because it is clandestine and unregulated, it’s difficult to put 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 the market every year. INTERPOL said this week that the organizations separated within the latest raid were estimated to possess handled 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 with regards to the quantity of bets being handled by these illegal gambling dens, along with the number of arrests,’ said Jean-Michel Louboutin, I

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