Police have dismantled an illegal gambling ring that operated a website targeting South Koreans and generated US$1.09bn in bets over 30 months.<\/p>\n\n\n\n\n\n\n\n
The Philippines.- Officers in South Korea have detected\u00a0an illegal gambling ring\u00a0<\/strong>that was operating from the Philippines and targeting South Koreans as potential customers. According to Yonhap News Agency, Seoul police’s International Crime Investigation Team arrested nine people and seized KRW800m that had been transferred to South Korea via cryptocurrency transactions.<\/p>\n\n\n\n A person identified as the leader of the organisation who fled to the Philippines will be sent back to South Korea. The illegal ring broadcasted live matches in a hotel and casino in the Philippines and operated sports betting on the website<\/strong>\u00a0from July 2018 to December 2019, collecting KRW1.3tn (US$1.09bn) in bets over 30 months.<\/p>\n\n\n\n South Korean police started investigating the operation in September 2019. A total of 150 people were identified and 130 people have been arrested. A red notice seeking 20 more people has been issued to law enforcement agencies.<\/p>\n","protected":false},"excerpt":{"rendered":" Police have dismantled an illegal gambling ring that operated a website targeting South Koreans and generated US$1.09bn in bets over 30 months.<\/p>\n","protected":false},"author":176,"featured_media":24845,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"South Korean authorities have dismantled an illegal online gambling operation based in the Philippines, which targeted South Korean citizens and processed approximately US$1.09 billion in wagers over 30 months. The operation involved live match broadcasts from a Philippine hotel and casino, leading to 130 arrests and the seizure of KRW800 million, highlighting significant cross-border regulatory challenges and illicit financial flows.","focusai_entities":"Yonhap News Agency, Seoul police\u2019s International Crime Investigation Team","focusai_location":"South Korea, Philippines, Seoul","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (0.85), payments_fraud_aml (0.9), investor_analyst (0.8), journalist_researcher (0.95)","focusai_suggestions":[{"label":"Cross-border Enforcement","query":"What specific international cooperation mechanisms were leveraged by South Korean and Philippine authorities to dismantle this cross-border illegal gambling operation, and what are the implications for future multi-jurisdictional enforcement efforts?"},{"label":"Illicit Financial Flows","query":"How did the use of cryptocurrency transactions facilitate the movement of KRW800m in illicit funds, and what advanced analytics or regulatory tools are being developed to detect and interdict such flows in the iGaming sector?"}],"footnotes":""},"categories":[439,16333],"tags":[229,23911,4138],"class_list":["post-24826","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legal-news","category-south-east-asia-news","tag-gambling","tag-gambling-regulation","tag-online-gambling"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24826","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=24826"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24826\/revisions"}],"predecessor-version":[{"id":24831,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24826\/revisions\/24831"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/24845"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=24826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=24826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=24826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}