{"id":22641,"date":"2021-09-15T11:15:52","date_gmt":"2021-09-15T14:15:52","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=22641"},"modified":"2026-04-23T15:40:24","modified_gmt":"2026-04-23T18:40:24","slug":"china-fines-10-people-for-cross-border-gambling-activities","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/china-fines-10-people-for-cross-border-gambling-activities","title":{"rendered":"China fines 10 people for cross border gambling activities"},"content":{"rendered":"\n

China\u2019s foreign exchange regulator has revealed that 10 people have been fined for currency trades related to cross border gambling activities totalling US$6.6m.<\/p>\n\n\n\n\n\n\n\n

China.- Chinese authorities have announced that\u00a010 people have been fined a total US$896,730\u00a0<\/strong>for trading cash to use for cross border gambling activities. According to local media reports,\u00a0the fines were handed out by the State Administration of Foreign Exchange<\/strong>.<\/p>\n\n\n\n

In April, authorities announced that they would carry out a crackdown on capital flight utilized for cross-border gambling<\/a> this year.\u00a0The government also said\u00a0it would destroy networks for fundraising and for attracting gamblers in China<\/strong>\u00a0and remove gambling-related capital and technology chains.<\/p>\n\n\n\n

The government is also\u00a0focusing on online payment platforms linked to gambling<\/strong>.<\/p>\n\n\n\n

46,575 prosecuted for gambling-related crimes in H1<\/h2>\n\n\n\n

Chinese authorities have reported an increase in prosecutions for gambling-related crimes <\/strong>in the first half of the year, mainly related to casinos in Macau. They said that 86.3 per cent of the prosecutions were for the \u201cestablishment of casinos\u201d.<\/p>\n\n\n\n

They said 46,575 people were prosecuted<\/strong>, up 27.7 per cent when compared with the same period of 2019. In the whole of 2020, 80,537 people were prosecuted <\/strong>for gambling-related crimes, but the number was affected by the Covid-19 pandemic.<\/p>\n\n\n\n

The Supreme People\u2019s Procuratorate said: \u201cGambling-related crimes have become increasingly Internet-based<\/strong> and developed in virtual formats.<\/p>\n\n\n\n

\u201cInternet-based gambling has been gradually replacing traditional, brick-and-mortar casinos in becoming a main format of crimes.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

China\u2019s foreign exchange regulator has revealed that 10 people have been fined for currency trades related to cross border gambling activities totalling US$6.6m.<\/p>\n","protected":false},"author":176,"featured_media":17381,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"China's foreign exchange regulator has fined 10 individuals US$896,730 for currency trades totaling US$6.6m linked to cross-border gambling, signaling an intensified crackdown on capital flight. Concurrently, Chinese authorities reported a 27.7% increase in gambling-related crime prosecutions in H1, with a significant focus on internet-based gambling and associated payment platforms.","focusai_entities":"State Administration of Foreign Exchange, Supreme People\u2019s Procuratorate","focusai_location":"China, Macau","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (1.0), operator_casino (1.0), affiliate_publisher (0.8), tech_data (0.7), marketing_crm (0.7), payments_fraud_aml (1.0), investor_analyst (1.0), supplier_vendor (1.0), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Regulatory Impact","query":"What specific governance frameworks are Chinese authorities leveraging to identify and prosecute individuals involved in cross-border gambling-related capital flight, and how might these evolve?"},{"label":"Payment Ecosystem Risk","query":"How will the intensified focus on online payment platforms linked to gambling in China impact the operational resilience and compliance obligations of international payment service providers and iGaming operators?"}],"footnotes":""},"categories":[16338,439],"tags":[229,23911],"class_list":["post-22641","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-legal-news","tag-gambling","tag-gambling-regulation"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22641","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=22641"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22641\/revisions"}],"predecessor-version":[{"id":22662,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22641\/revisions\/22662"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17381"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=22641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=22641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=22641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}