✈️ Opening an illegal online casino has never been easier

✈️ Opening an illegal online casino has never been easier

We have translated and summarized the post from the @highroller_channel
Below are the key highlights:

A UN report evaluating the current situation of organized crime in Southeast Asian countries was published:

🔤 The authors point out that Southeast Asian countries have become a "testing ground for new technologies."

🔤 Casinos have proven to be efficient in laundering large sums of money.

🔤 This industry has grown exponentially, and although major gambling magnates such as Alvin Chau and Lao Che have been imprisoned, "the industry is much larger than these two men and their business."

🔤 After regulatory measures, casino operators moved to loosely regulated jurisdictions such as Cambodia and border areas of Myanmar. Some criminals migrated to the United Arab Emirates, Eastern Europe, Africa, and the Pacific.

🔤 The report authors claim that opening an illegal online casino has become easy thanks to white labels, mirrors, and cryptocurrencies.

🔤 Since 2020, criminals have been using more cryptocurrencies, making it difficult for authorities to monitor. China banned cryptocurrencies in 2021, but criminals have moved to Southeast Asia, contributing to the growth of cryptocurrencies.

🔤 Online casinos that specifically use USDT TRC-20 are popular for money laundering.

🔤 Unemployed youth often gets involved into money laundering: they receive a percentage from the volumen processed using their bank account.

🔤 This youth is attracted with promises of well-paid jobs through Telegram, WeChat, TikTok, and Facebook. Personal data purchased on the black market is often used to farm accounts on this platforms.

🔤🔤 Social engineering has become easier with the use of deepfakes, adding on the tools used by such actors in the region.

#Asia #casino #gambling