Thai Prime Minister brings KYC and AML checks to casino plan
Thai Prime Minister Paetongtarn Shinawatra revealed that the government might require foreign visitors to undergo criminal background and financial checks before entering...
Thai police expose $96M iGaming operation
Thai police have arrested six people connected to a massive iGaming site that had more than $96 million circulating through it.
The group behind the website created a fake agricultural trading company to hide what they were really doing. However, it was just a cover to move gambling money around without raising red flags. According to the investigators, the suspects opened several fake bank accounts to move money from gamblers into the company and then on to the people running the website.
Those at the top were two Chinese nationals and one Indonesian, who are now being hunted down by Interpol and Indonesian police. Authorities believe at least 20 more people were involved, including five Malaysians and one Cambodian.
This case comes at a time when Thailand is seriously considering legalizing casinos and possibly iGaming. The hope is that bringing it into the open could help shut down shady operations like this one and generate legal revenue for the country.
While there are still people who oppose the idea, officials seem confident about moving forward with the casino bill.
Thailand’s public divided on casino entertainment bill
Thailand’s leading graduate school specializing in public administration, economics, and social development, NIDA, announces the poll results conducted on the public support...
