China’s war on cross border gambling is bearing fruit after it resulted in 11500 arrests as well as the seizure of about $32.4 billion worth of illegal proceeds over the last four months.

This past Monday, the Public Security Ministry announced it had taken court more than 250 criminals since it started this crackdown against cross-border gambling activities on the 28th of February. The country also targeted related crimes including money laundering, telecom fraud, abductions, kidnapping, human smuggling and trafficking.

The Ministry is quoted as saying it had destroyed more than 360 gambling platforms, broke up 148 crime groups and 187 underground banks and managed to close down 27000 banks accounts, which resulted in the confiscation of close to RMB229 billion.

In the meantime, officials are looking into 200 banks as well as supervisory staff suspected to be in collusion with gambling operators. Also, some gambling suspects are now listed on the country’s blacklist for traversing through China’s territory.

The Ministry gave ten examples of successful operations they had carried out on their own and in conjunction with other countries, including Vietnam, to disrupt illegal gambling operations. Last Monday, courts in the country held sessions for Mafia defendants accused of luring residents to overseas casinos where they would run substantial gambling debts and would be detained until family members cleared the debt.

China’s increased efforts to fight this vice have increasingly focused on payment processing channels, which has resulted in dismantling of fourth payment networks last week. The country’s UnionPay issued a directive to members to be more vigilant and watch out for signs of illegal activities like gambling, telecom fraud and even unlawful loans.

Source: https://calvinayre.com/2020/06/22/business/china-success-combating-cross-border-gambling/

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