INTERPOL chief Jean Michelle Louboutin says massive profits lay behind the cross-continental gambling crackdown that is illegal.
INTERPOL has established the arrests of 1,400 people across East Asia; the result of a six-week campaign to separation illegal gambling sites in your community. The operation, code-named Operation SOGA V, had been a effort that is joint police force from China, Hong Kong, Macau, Malaysia, Singapore and Vietnam, and coordinated by INTERPOL, and saw the seizure of almost $12 million.
Prohibited gambling is rife in East Asia, and bets put through the wagering syndicates, which are generally controlled by organized crime, dwarf the European that is legal and American gambling markets many times over. That it could be around $450 billion because it is clandestine and unregulated, it’s difficult to place a figure in how much the market is actually worth, but Foreign Policy magazine recently estimated.
It’s also believed that $140 billion in dirty money is laundered through the market each year. INTERPOL said this week that the organizations separated in the raid that is latest were estimated to have handled around $2.2 billion worth of bets, most of those through illegal online gambling sites.
‘ The results of this operation that is latest SOGA are significant with regards to the quantity of bets being handled by these illegal gambling dens, plus the number of arrests,’ stated Jean-Michel Louboutin, IN Read more