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South Korean prosecutors to try two alleged illegal gambling-site operators

Enforcement & compliance

South Korean prosecutors will try two men accused of running illegal gambling platforms after their extradition from the UAE, according to the report. A joint police and government task force attributed turnover of about US$3.14 billion to one site and more than US$327 million in earnings to the other; investigators said the cases are separate.

The prosecutions target alleged operators of large illegal gambling platforms and include a site reportedly used by teenagers.

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Enforcement & compliance

South Korean authorities arrest three suspects in alleged illegal betting operation

South Korean authorities, working with the UAE, arrested three suspects in an operation against an alleged international illegal betting network, reportedly named Halak. Investigators estimated its turnover at about KRW3,100bn ($2.3bn) and identified links to illegal gambling activity in the Philippines and Malaysia. South Korea’s president said the group had allegedly recruited people from vulnerable groups.

South Korean authorities dismantled an alleged international illegal betting organisation with an estimated turnover of about KRW3,100bn ($2.3bn), in an operation carried out with authorities in the United Arab Emirates that led to the arrest of three suspects. The operation was named Halak, according to the report.

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