Taiwan Launches Full-scale Crackdown on Money Laundering Activities in Online Gambling, Key Figures Including Police Inspector Lin Mingzuo Detained
With the booming development of the online gaming industry, related illegal issues have become increasingly serious. In order to eradicate gambling crimes and maintain social order, the Taiwanese police and judicial departments have launched large-scale special operations aimed at eliminating online gaming and money laundering activities.
Table of Contents:
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Government Focuses on Online Gaming Money Laundering Issues
Police Supervisory Officer Involved in Gambling Crimes
Scope of Crackdown to be Expanded
Gaming Operator Guo Zemin Charged with Money Laundering
Continuous Monitoring and Future Direction
A recent survey shows that many so-called “entertainment cities” are engaging in money laundering activities through virtual currencies and third-party payment platforms. Just as the president-elect Lai Ching-te is about to take office on May 20th, senior police and judicial officials have already launched a ten-day “gambling crackdown project”. The focus of these series of actions is to purify gambling venues and carry out synchronized operations across Taiwan from May 6th to May 15th.
What is shocking is that even the supervisory officer of the Criminal Investigation Bureau, Lin Mingzuo, is suspected of colluding with gambling groups and is accused of having 20 million TWD of unidentified funds flowing into his personal account. This reveals the corruption problem within the law enforcement system and has raised public concerns about the integrity of the police force.
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In addition to targeting online gaming operators, this crackdown project also involves large-scale professional casinos and other illegal activities, such as firearms and drug trafficking. Furthermore, the police and judicial departments have issued hundreds of search warrants and plan to launch a second wave of search operations in the coming weeks to further squeeze the space for criminal activities.
In another case, Guo Zemin, the head of the AE Group, has been indicted for operating illegal gambling websites and conducting underground money laundering activities amounting to 21.7 billion TWD. Guo Zemin’s arrest once again highlights the severity of Taiwan’s online gaming money laundering problem.
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“Why did the New Taipei District Prosecutor’s Office refuse to accept the seizure of more than 6 million USDT in the main suspect Guo Zemin’s case?”
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“The Ministry of Justice launches a virtual asset seizure platform, seizing more than 400 million TWD worth of BTC and USDT in two days”
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Even though some cases involving the largest online gaming website, “Star City Online,” have been concluded, the legal disputes have not been completely resolved, indicating that the government still needs to make more efforts to uphold legal justice and combat crimes. Before the inauguration ceremony on May 20th, the police and judicial departments will publicly announce the preliminary results of the project to demonstrate their determination and effectiveness.
Lin Mingzuo
Money Laundering
Online Gaming
Police Supervisory Officer
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