SUICIDE, MONEY LAUNDERING AND MATCH-FIXING: THE $4.2 BILLION SCOURGE OF ILLEGAL GAMBLING IN ASIA

HK Racing on 15th January carried a report about an Asian Racing Federation research paper shows that unregulated betting is growing quicker than the legal alternative throughout the region.  Its anti-illegal betting task force outlines the widespread damage as illegal gambling grows at a quicker rate than the legal market.  The report focuses on Hong Kong, Singapore, South Korea, Australia, New Zealand and South Africa, with illegal betting growing faster than legal gambling in all of those jurisdictions.

https://www.scmp.com/sport/racing/article/2182154/suicide-money-laundering-and-match-fixing-us42-billion-scourge-illegal

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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