In a recent assessment, the United Nations Office on Drugs and Crime Regional Office for Southeast Asia and the Pacific unveiled findings that highlight the integration of cryptocurrency, casinos, and junkets into the clandestine banking and money laundering structures of East and Southeast Asia.
The report emphasizes the simultaneous surge in cross-border criminal activities in the region, coinciding with a notable uptick in the presence of unlawful online casinos, electronic junkets, and cryptocurrency exchanges in recent times.
According to the report, significant organized crime entities have purportedly leveraged online casinos and associated enterprises as means to move and launder substantial quantities of both cryptocurrency and state-backed fiat currencies.
The report emphasizes the simultaneous surge in cross-border criminal activities in the region, coinciding with a notable uptick in the presence of unlawful online casinos, electronic junkets, and cryptocurrency exchanges in recent times.
According to the report, significant organized crime entities have purportedly leveraged online casinos and associated enterprises as means to move and launder substantial quantities of both cryptocurrency and state-backed fiat currencies.
