A surge in money laundering linked to Chinese online gambling, particularly in Southeast Asia, has led to a major crackdown by Asian governments. This criminal wave, originating from illicit online gambling by Chinese punters, has expanded into various illegal activities, including online scams.
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Money-laundering
Raids and arrests have occurred in Australia, Hong Kong, Malaysia, the Philippines, Thailand, and Singapore. This surge can be traced back to China’s corruption crackdown a decade ago, which curtailed money movement through Macau. The online gambling industry in Southeast Asia has become a hotbed for criminal activities and money laundering, prompting a joint effort by UN, China, and ASEAN to counter it.
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