China's ongoing crackdown on gambling, both domestically and internationally, is intensifying, as authorities aim to suppress demand for illegal betting. Despite these efforts, the gambling industry is reportedly resurging, with much of the activity shifting online and offshore. In parallel, China's internet watchdog has committed to a sustained effort to combat financial misconduct in cyberspace to protect citizens' assets. This crackdown aligns with broader regional efforts, as evidenced by recent actions taken by South Korea, which dismantled a fraudulent online trading network that extorted $6.3 million. Additionally, the Russian FSB has dismantled a criminal network in Moscow, which operated fraudulent international call centers that defrauded victims across more than 20 countries, amassing tens of millions of dollars. European law enforcement has also targeted a criminal network that impersonated police and bank employees to exploit seniors, leading to significant financial losses.
China's internet watchdog pledges continuous crackdown on illegal financial activities https://t.co/57sDhJUH31 https://t.co/qH9YshQZSC
Une vaste opération policière européenne a permis de démanteler un réseau criminel qui usurpait l'identité de policiers et employés de banque pour escroquer des seniors dans plusieurs pays. Le préjudice global se chiffre en millions d'euros. https://t.co/cAkGEgsuB2
South Korea Takes Down Fraudulent Online Trading Network Used to Extort $6.3M https://t.co/Wp9rLZqj6q