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Regulatory · Philippines · Mon 31 Aug · 1 min read

US$3.8B Korean gambling racket ran through Philippines undetected

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What happened

8 billion illegal gambling scheme out of the Philippines, apparently undetected at scale, is the most damaging story for Philippine regulatory credibility this week. 8 billion moves through a jurisdiction only when enforcement is either absent or compromised at multiple levels.…

Sources: South China Morning Post