China Claims Victory in its Fight Against ‘Cross-Border Gambling’

China’s Ministry of Public Security announced on wednesday its latest war parts against cross-border gambling operators.

Macau casinos could be included in this set if they were generating unauthorized capital outflows.

With this, China reaffirms the success of its fight against foreign-generated gambling operations that seek to attract Chinese residents and citizens outside the country. Despite the fact that other operators continue to fill the “vacancies” left by their arrested competitors.

According to the Chinese authorities, as of september 30, more than 8,800 cases of cross-border gambling had been prosecuted, resulting in the arrest of more than 60,000 people. Among them, 590 citizens of China who operated from other countries. Likewise, more than 1,700 online gambling platforms and another 1,400 unauthorized payment platforms were closed, including the “underground banks”.

In a coordinated effort with the China Cyberspace Administration, some 35,000 internationally licensed online gambling domains have been detected, the ministry said. About 73 million text messages deemed “harmful” promoting gambling services were also blocked.

During the third quarter of this year, 8,868 illegal websites were closed, according to statistics from the Cyberspace Administration. Similarly, operators were persuaded to close 63,000 social media accounts and groups promoting illicit online activities.

On the other hand, the Ministry highlighted the achievements obtained with the national campaign ‘Broken Card’ aimed at fighting against quarter-party payment processors. This involves bank, phone and gift card operations that are used to cover up illegal international transactions of online gambling.

This week the Ministry reported the arrest of 4,600 suspects while confiscating 6.5 million bank and phone cards that would be used to commit “fraud in telecommunications networks.” This crime is associated with online gambling and money laundering along with other cases of fraud.

Sometimes China’s central bank reminds Chinese citizens not to “rent, lend, or sell personal financial accounts in any way.” It also advises to immediately report the loss of a bank card or any identity document in order not to “facilitate criminal activities.”

Source: https://calvinayre.com/2020/10/21/business/china-claims-victory-cross-border-gambling-fight/

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