The Philippines has recently been removed from the EU's "high-risk money laundering countries" list, but there has been a renewed call for stringent regulation of cryptocurrencies and online gambling to prevent money laundering and cross-border financial crimes. Global rating agency Moody's and the
After two postponements, Los Angeles Dodgers star Shohei Ohtani's former interpreter, Ippei Mizuhara, was officially sent to federal prison on Monday to begin a 57-month sentence. This close associate of Ohtani, who embezzled about $17 million to pay off gambling debts, has been incarcerated.Accordi
Binance announced on its official website that its Financial Intelligence Unit (FIU) assisted the Philippine law enforcement agencies in successfully tracking the cryptocurrency ransom involved in the kidnapping case of Guo Congyuan, totaling about $3.75 million (approximately 220 million pesos). Th
In the context of addressing global organized crime, the Isle of Man government has actively responded to the "National Risk Appetite Statement" (NRAS), emphasizing that while ensuring judicial transparency and market compliance, it will continue to maintain an open attitude towards legal and reputa
Recently, the Hong Kong police launched a large-scale law enforcement operation and successfully cracked a cross-border money laundering criminal network between Hong Kong and the mainland, involving an amount of up to 118 million Hong Kong dollars. A total of 12 suspects were arrested in this opera
The Criminal Investigation Agency of the Indonesian National Police (Bareskrim) recently announced the cracking of a money laundering case involving an amount of 530 billion Indonesian Rupiah (approximately 32 million US dollars). The police pointed out that this huge sum of money is suspected to be
The Financial Intelligence Unit (FIU) of the Isle of Man has recently released a special report indicating that online gambling platforms are increasingly becoming high-risk channels for money laundering (ML), terrorism financing (TF), and proliferation financing (PF). This report is a significant m
Philippine Northern Surigao del Norte Representative Robert "Ace" Barbers recently issued a stern warning about the Guo Congyuan kidnapping case that shocked the overseas Chinese community, stating that the money transfer paths revealed by the case are not just ordinary ransom extortion, but "a tran
Recently, the Thai police launched a large-scale raid and successfully dismantled a major online gambling group spanning five provinces, arresting 13 suspects and seizing assets worth over 50 million Thai Baht (approximately 1.96 million Singapore dollars).According to the Bangkok Post, Major Gener
Portrait of a suspect in the SGD 3 billion money laundering case in Singapore.Recently, a news from Montenegro has shocked the Chinese community.According to Montenegrin media, Wang Shuiming, one of the masterminds behind the SGD 3 billion (approximately RMB 16.2 billion) money laundering case in S
The Swedish Gambling Authority, Spelinspektionen, has issued new guidelines on money laundering and terrorist financing, along with a new risk assessment. Reports submitted to the Financial Intelligence Unit (FIPO) by the gambling industry are reportedly increasing, hence the release of the latest g
The Senate Committee report warns that criminal groups associated with Philippine Offshore Gaming Operators (POGO) continue to thrive, shifting their activities to new fronts.Risa Hontiveros, the Minority Deputy Leader and Chair of the Senate Committee on Women, Children, Family Relations and Gender
The Brazilian Prize and Betting Secretariat (SPA) has joined forces with the Federal Revenue Office (RFB) to ensure that the legal gambling industry meets its tax obligations.The gambling tax working group between SPA and RFB, named GTI-Bets, was established through Joint Ordinance No. 3 RFB/SPA/MF,
Many people don't understand what Huiwang escrow transactions are? What are the key points, let's talk about it today?1. "Hidden Helper" in Money Laundering Methods - USDTIn the dark corners of financial activities, attention is often paid to a type of virtual currency called USDT, often referred t
Recently, a large-scale raid targeting online gambling activities took place in the Hat Yai district of Songkhla Province, Thailand, where police dismantled an online gambling network hidden within a luxury apartment.It is reported that the gambling network operated a website called LIGAZ88, which h
Australia's financial intelligence agency has stated that it will target cryptocurrency ATM providers to combat money laundering and fraud activities.The task force targets cryptocurrency ATMs. The Australian Transaction Reports and Analysis Centre (AUSTRAC), Australia's financial intelligence agenc
