Daily brief
Regulatory · Philippines · Mon 31 Aug · 1 min read
US$3.8B Korean gambling racket ran through Philippines undetected
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

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