The "Iron King of the Philippines" Guo Congyuan's kidnapping case has led to ongoing suspicions of money laundering. The casino intermediaries "Jiuding Group" and "White Horse Club" were exposed in May this year for participating in the ransom business and had announced their withdrawal from the market. At that time, it was officially stated that the accounts of the two companies were frozen, assets might be confiscated, and related personnel would face money laundering charges.
However, just two months later, these two major groups re-emerged online under new guises: Jiuding Group was renamed "MM", and White Horse Club became "NO1". However, only the names were changed, the business model remained the same. Industry insiders joked, "Change the skin but not the fate, the same old tricks are easily recognized."
Experienced players have already recognized the "familiarity" of these two platforms. Whether it's marketing tactics or the experience of losing money, it all reminds people of the previous Jiuding and White Horse Club brands. This "comeback" has been questioned by many as still exploiting the original network and user base to continue operations.
Currently, the Anti-Money Laundering Council (AMLC) and the police are still following up on investigations into the flow of ransom money and related cryptocurrency accounts, and have not relaxed their efforts due to their apparent "withdrawal". The public is reminded by both individuals and institutions to be cautious in identification, to avoid becoming the "brick movers" for gambling gangs again.
