SectorWire
SearchRegister
MenuClose

UNODC warns Southeast Asian gambling networks support wider criminal activity

Regulation

The United Nations Office on Drugs and Crime warned that criminal networks in Southeast Asia use online gambling operations to move money and facilitate fraud and money laundering. It said the networks are diversifying into financial fraud, cybercrime and illicit finance, while targeting jurisdictions with weak regulation.

Regulators and operators face risks from gambling operations linked to wider financial and cybercrime.

Request a correction

Flag an issue

Keep reading

Regulation

Argentina government proposes criminal penalties for illegal betting support

Argentina’s executive branch sent a four-bill package to Congress on 22 May proposing penalties for businesses that support unauthorised betting platforms, reportedly. The proposal would allow prison terms of up to four years for technology and payment providers, and up to six years for platform operators; it also proposes blocking gambling advertising and sponsorships and expanding enforcement powers. The measures require legislative approval.

Continue reading