INTERPOL Swoops Down in Illegal Gambling Crackdown

INTERPOL Swoops Down in Illegal Gambling Crackdown

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

INTERPOL has announced the arrests of 1,400 individuals across East Asia; the result of the six-week campaign to split up illegal gambling networks in the area. The operation, code-named Operation SOGA V, had been 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.

Illegal gambling is rife in East Asia, and bets placed through the betting syndicates, which are often controlled by organized crime, dwarf the legal European and North American gambling markets many times over. Because it is clandestine and unregulated, it’s difficult to place a figure in simply how much the market is actually worth, but Foreign Policy mag recently estimated that it could be around $450 billion.

It’s also believed that $140 billion in dirty money is laundered through the market every 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 illegal online gambling sites.

‘ The results of this latest procedure SOGA are significant with regards to the amount of bets being handled by these illegal gambling dens, along with the number of arrests,’ stated Jean-Michel Louboutin, INTERPO Continue reading “INTERPOL Swoops Down in Illegal Gambling Crackdown”