The Payment and Clearing Association of China (PCC) detected over 60,000 suspected gambling-related transactions in 2022.<\/p>\n\n\n\n\n\n\n\n
China.- The Payment and Clearing Association of China (PCC)<\/strong> has reported that in 2022 it aided member organisations in preventing nearly CNY2bn (US$277m) in transactions linked to what it termed as unspecified gambling activities.\u00a0<\/p>\n\n\n\n The organisation, under the oversight of the People’s Bank of China, functions as a non-profit entity with a membership base, including banks, financial institutions, fintech firms and authorised non-banking payment entities. Its annual report released on Thursday revealed that more than 60,000<\/strong> transactions <\/strong>suspected of being connected to gambling were flagged last year.\u00a0<\/p>\n\n\n\n The association identified 4,292 payment accounts and 54 merchants allegedly engaged in gambling-related actions, although it did not detail the methodology it uses. This action aligns with mainland China’s broader efforts to clamp down on overseas gambling.<\/p>\n\n\n\n In July,\u00a0China\u2019s National Immigration Administration<\/strong>\u00a0announced that\u00a032,000 people were arrested in 16,000 cases<\/a>\u00a0of obstructing national border control in the first six months of the year. In 2020, China established\u00a0a blacklist of destinations<\/a>\u00a0to which cross-border transfers are restricted.<\/p>\n\n\n\n The blacklist<\/strong> is compiled by multiple departments, including the Ministry of Culture and Tourism, the Ministry of Foreign Affairs and the Ministry of Public Security. In March 2021, China\u2019s revised Criminal Law made it illegal to assist cross-border gambling.<\/p>\n","protected":false},"excerpt":{"rendered":" The Payment and Clearing Association of China (PCC) detected over 60,000 suspected gambling-related transactions in 2022.<\/p>\n","protected":false},"author":176,"featured_media":777005940,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Payment and Clearing Association of China (PCC) reported preventing nearly CNY2bn (US$277m) in suspected gambling-related transactions in 2022, flagging over 60,000 instances. This action is part of mainland China's broader, multi-departmental crackdown on cross-border gambling, which includes arrests and a blacklist of restricted destinations. The PCC, under the People's Bank of China, collaborates with banks, financial institutions, and fintech firms in these efforts.","focusai_entities":"Payment and Clearing Association of China (PCC), People\u2019s Bank of China, National Immigration Administration, Ministry of Culture and Tourism, Ministry of Foreign Affairs, Ministry of Public Security","focusai_location":"China","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (1.0), operator_casino (0.9), tech_data (0.8), payments_fraud_aml (1.0), investor_analyst (0.9), supplier_vendor (0.85), journalist_researcher (0.95)","focusai_suggestions":[{"label":"PCC Detection Methodology?","query":"What specific methodologies does the Payment and Clearing Association of China (PCC) employ for identifying gambling-related transactions, and how do these integrate with broader national security frameworks?"},{"label":"Impact on iGaming Operators?","query":"How will the intensified regulatory scrutiny on cross-border payments impact the operational strategies and risk assessments for iGaming operators targeting Asian markets?"}],"footnotes":""},"categories":[16338,439],"tags":[23911],"class_list":["post-777008110","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-legal-news","tag-gambling-regulation"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008110","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=777008110"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008110\/revisions"}],"predecessor-version":[{"id":777008138,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008110\/revisions\/777008138"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777005940"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777008110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777008110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777008110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}