INTERPOL Swoops Down in Illegal Gambling Crackdown

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 illegal gambling crackdown.

INTERPOL has announced the arrests of 1,400 people across East Asia; the result of a six-week campaign to separation illegal gambling networks in the area. The operation, code-named Operation SOGA V, was a effort that is joint police 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 put through the gambling syndicates, which can be 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 place a figure in 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 cash is laundered through industry every year. INTERPOL said this week that the organizations broken up within the latest raid were estimated to have 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 with regards to the quantity of bets being handled by these illegal gambling dens, plus the number of arrests,’ stated Jean-Michel Louboutin, INTERPOL’s executive director of police services. Czytaj więcej about INTERPOL Swoops Down in Illegal Gambling Crackdown