The report highlights a growing nexus of online unregulated casinos and cryptocurrencies in the region. Together, these tools have allowed criminals to transfer their ill-gotten gains around the world faster than authorities can track or freeze them. For instance, the cryptocurrency Tether Stable Coin (USDT), which is backed by the U.S. dollar, was named by the region’s financial intelligence authorities as among the most utilized by transnational organized crime groups today. Thanks to its low fees and.
Source: Written by Henry Pope, 2024-01-20; https://www.occrp.org/en/daily//en/daily/18377-casinos-and-crypto-major-drivers-of-money-laundering-in-east-and-southeast-asia