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Turkish authorities shut payment company in illegal betting probe; 38 arrested

Enforcement & compliance

Turkish authorities ordered a local payment services company to stop operating over allegations that it laundered proceeds from illegal betting and forex fraud. Police arrested 38 people in raids across eight cities; prosecutors said the company’s e-wallets and other payment tools moved funds inside and outside Turkey, and the investigation is continuing.

The case concerns alleged use of payment services to move proceeds from illegal betting, with the company’s operations halted.

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Enforcement & compliance

Turkish authorities seize TRY17bn in operation against illegal betting networks

Turkish authorities launched an operation targeting illegal betting networks across eight provinces. The outlet reported seizures of TRY17bn following an investigation into suspicious financial transactions.

Turkish authorities have launched an operation against illegal betting networks in eight provinces, following an investigation that identified suspicious financial transactions linked to 177 people, according to a report on the case. The operation covered Adıyaman, Konya, Manisa, Muğla, Tekirdağ, Siirt, Muş and Çorum.

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