Banning the use of credit cards for gambling may seem like a reasonable measure, aimed at preventing people from using "future money" to indulge in gambling and fall into financial difficulties. However, reality is far more complex than this logic. Is this ban a rational decision, a moral stance, or
The South Korean government is launching an unprecedented crackdown on the domestic payment industry. On July 25, the Financial Supervisory Service (FSS) announced that it had initiated disciplinary proceedings against 6 local payment gateway (PG) companies, on the grounds that these companies were
Taipei City's Criminal Investigation Corps recently cracked a major money laundering case, involving a man surnamed Li who is suspected of collaborating with at least 40 illegal gambling websites. He used his own e-commerce company and virtual accounts to "launder" funds for the gambling group, with
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 May 2025, Thai police raided a bank on Sukhumvit Road in Pattaya, dismantling a cross-border money laundering network primarily operated by a Chinese fraud group.The investigation revealed that 15 Chinese nationals, who entered the country on tourist visas, had illegally opened hundreds of bank a
In May 2025, a massive money laundering case involving a Chinese telecom fraud gang burst in Pattaya, Thailand, shaking the country's financial system and triggering a chain reaction. Following the incident, several Thai banks urgently froze numerous accounts of foreigners, focusing on cardholders f
Recently, shocking revelations have emerged on Thai social platforms: a surge of advertisements for "opening Thai bank accounts on behalf" has appeared on Chinese social media, boasting "30-minute express account opening" "no visa and identity proof required", and even openly pricing a full set of i
Recently, Thai police cracked a major case involving bank staff colluding with an overseas fraud group!Colonel Thirachai, an investigator from the Second Police District, led a raid on a branch of a bank in Chonburi Province, arresting the manager and three employees suspected of assisting a Chinese
In recent years, the development of the Philippine Offshore Gaming Operators (POGO) industry has attracted global attention. Now, the government of Sri Lanka is considering opening similar offshore gaming services to stimulate economic growth and increase fiscal revenue.If implemented, this policy w
The Anti-Money Laundering Council (AMLC) of the Philippines has officially launched a financial investigation into the ransom flow in the kidnapping case of Chinese businessman Anson Que, focusing on whether there is systemic money laundering through the use of cryptocurrencies and casino accounts.
Philippine President Ferdinand Marcos recently held a special ceremony at Malacañang Palace to recognize the significant contribution of the Philippine Amusement and Gaming Corporation (PAGCOR) in removing the country from the Financial Action Task Force (FATF) grey list.PAGCOR Chairman and CEO Alej
Kidnapping cases in the Philippines are frequent, with Chinese businessmen being a high-risk groupRecently, there have been multiple kidnapping incidents involving Chinese businessmen in the Philippines, which have attracted widespread attention. The case of Anson Que, known as the "Steel King," wh
The Brazilian Ministry of Finance's Secretariat of Awards and Lotteries (SPA) has introduced new regulations aimed at cutting off funding to unlicensed gambling operators.Under these regulations, banks, payment processors, and financial platforms must now block any transactions related to illegal ga
The Philippine Department of Justice (DOJ) stated that the government has decided to completely ban Philippine Offshore Gaming Operators (POGO), which is considered a key factor in the Philippines' efforts to be removed from the Financial Action Task Force (FATF) grey list.At a news forum in Quezon
Philippine Senator Sherwin Gatchalian announced that they are drafting a resolution aimed at conducting an in-depth investigation into the money laundering activities involving banks and other financial institutions by Philippine Offshore Gaming Operators (POGO), as well as related regulatory failur
The Lao government has announced that it will allow foreign online gambling operators to establish businesses domestically. This decision has attracted widespread attention both domestically and internationally, especially from neighboring countries concerned about cross-border crime and money laund
