INTERPOL chief Jean Michelle Louboutin says massive earnings lay behind the cross-continental gambling crackdown that is illegal.
INTERPOL has established the arrests of 1,400 individuals across East Asia; the outcome of the campaign that is six-week split up illegal gambling companies in the area. The operation, code-named Operation SOGA V, had been a effort that is joint police force from China, Hong Kong, Macau, Malaysia, Singapore and Vietnam, and coordinated by INTERPOL, and saw the seizure of almost $12 million.
Illegal gambling is rife in East Asia, and wagers put through the betting syndicates, which can be controlled by organized crime, dwarf the European that is legal and American gambling markets many times over. Because it is clandestine and unregulated, it's difficult to position a figure in simply how much the market is actually worth, but Foreign Policy mag recently estimated that it could be around $450 billion.
It's also believed that $140 billion in dirty cash is laundered through the market every year. INTERPOL said this week that the organizations broken up within the latest raid were estimated to own managed around $2.2 billion worth of lightning link slot machine strategy bets, most of those through illegal online gambling sites.
' The results of this latest procedure SOGA are significant in relation to the amount of bets being handled by these illegal gambling dens, as well as the number of arrests,' said Jean-Michel Louboutin, INTERPOL