Chinas war on cross border gambling is bearing fruit after it resulted in 11500 arrests as well as the seizure of about $32.4 billion worth of illegal proceeds over the last four months.
This past Monday, the Public Security Ministry announced it had taken court more than 250 criminals since it started this crackdown against cross-border gambling activities on the 28th of February. The country also targeted related crimes including money laundering, telecom fraud, abductions, kidnapping, human smuggling and trafficking.
The Ministry is quoted as saying it had destroyed more than 360 gambling platforms, broke up 148 crime groups and 187 underground banks and managed to close down 27000 banks accounts, which resulted in the confiscation …
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