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INTERPOL Swoops Down in Illegal Gambling Crackdown

INTERPOL Swoops Down in Illegal Gambling Crackdown

INTERPOL chief Jean Michelle Louboutin says massive earnings lay behind the cross-continental gambling crackdown that is illegal.

INTERPOL has established the arrests of 1,400 people across East Asia; the outcome of a campaign that is six-week break up illegal gambling systems in your community. The operation, code-named Operation SOGA V, had been 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 wagers placed 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 put a figure in simply how much the market is actually worth, but Foreign Policy mag recently estimated that maybe it’s around $450 billion.

It’s also believed that $140 billion in dirty money is laundered through industry each year. INTERPOL said this week that the organizations separated within the raid that is latest were estimated to possess managed around $2.2 billion worth of bets, most of those through illegal online gambling sites.

‚ The results of this latest Operation SOGA are significant in relation to the quantity of bets being handled by these illegal gambling dens, as well as the number of arrests,‘ stated Jean-Michel Louboutin, INTERPO Weiterlesen