The Financial Monitoring Agency (FMA) of Kazakhstan is considering imposing criminal penalties on social media influencers who promote online gambling, as current fines are insufficient to deter violations.According to the Central Asia Times, so far this year, 34 influencers have been penalized for
The Central Bank of the Philippines (BSP) recently announced that the freezing measures for new licenses for cryptocurrency and virtual asset service providers (VASP), originally scheduled to expire this September, will be indefinitely extended. This decision came as a surprise to crypto businesses
The Philippine online gambling industry may be facing an unprecedented "strong regulatory period." On one hand, the Philippine Amusement and Gaming Corporation (PAGCOR) plans to introduce artificial intelligence (AI) regulatory tools in the coming months to comprehensively enhance the compliance and
Philippine electronic wallet GCash announced that starting from 8 PM on August 16, 2025 (Saturday), it will temporarily suspend the access to online gaming features through GLife. Users are required to withdraw funds to their GCash wallet before this date, otherwise, they will only be able to manage
Today, the Philippine Senate held a highly-attended hearing on the issue of online gambling, focusing on the connection between e-wallet platforms and online gambling, as well as the social and regulatory challenges it poses. The Central Bank of the Philippines (BSP) announced an emergency directive
Blockchain intelligence agency TRM Labs' latest report shows that China's underground banking network (commonly known as "shadow banks") is increasingly using crypto casinos and online entertainment platforms, becoming a core channel for international organized crime money laundering.These undergrou
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.
