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A Southeast Asian casino featuring slot machines, highlighted in a UN report on cyber fraud.

UN Report Sheds Light on Cyber Fraud Tied to Southeast Asian Casino Industry

01/17/2024
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Compos Mentis Legal Practitioners, a leading Nigerian law firm with offices in Warri, Lagos, and Abuja, continues to set new standards in legal service delivery through innovation, strategic thinking, and a commitment to global best practices. Established in 2007, the firm has grown into a trusted name in dispute resolution, debt recovery, intellectual property, medical law, and corporate advisory. The firm holds the distinction of being the first Nigerian law firm certified to the ISO 9001:2015 standard, reflecting its dedication to quality management, transparency, and client satisfaction. This milestone reinforces Compos Mentis LP’s role as a trailblazer in legal professionalism, setting a benchmark for excellence across Nigeria and beyond. At the heart of the firm’s innovation strategy is Consultus Lawyer, a proprietary digital platform that allows clients—both local and international—to access legal services remotely. Through this platform, the firm provides affordable, high-quality support in a wide range of legal matters, including cross-border disputes and advisory services. Flexible pricing models ensure accessibility for diverse clients, including government agencies, public institutions, community trust boards, individuals, and small enterpr In 2024–2025, the firm recorded an 87.5% success rate across 24 litigation cases, a testament to its rigorous preparation and expert legal strategy. The firm's consistent results and sectoral expertise have been recognized through numerous accolades, including the Dispute Resolution Law Experts of the Year in Nigeria – 2025 by Global Law Experts and the Regional Law Firm of the Year at the 2024 ESQ Legal Awards. Compos Mentis LP has also earned multiple Mondaq Awards in 2024 and 2025 for its contributions to legal thought leadership, particularly in intellectual property and immigration law. These recognitions underscore the firm’s ability to blend deep legal insight with a forward-thinking approach to knowledge sharing. Beyond its commercial achievements, Compos Mentis LP is deeply committed to social responsibility. The firm provides pro bono legal services to indigent individuals and supports host communities in the Niger Delta with legal representation and governance advisory. It also invests in talent development, fostering the next generation of legal professionals through mentorship and continuous learning opportunities. As Compos Mentis LP expands its reach and digital capabilities, it remains grounded in its core values: excellence, access to justice, and service to the community. With a proven track record, global outlook, and commitment to legal empowerment, the firm is positioned as a leader in Nigeria’s evolving legal landscape. To learn more, visit: https://compos-mentis.com #ComposMentis #LegalInnovation #DisputeResolution #AccessToJustice #ConsultusLawyer #ISO9001Certified #RuleOfLaw #NigeriaLegal #LawFirmOfTheYear #GlobalLegalStandards

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UN Report Sheds Light on Cyber Fraud Tied to Southeast Asian Casino Industry

by Geraldine S.
01/17/2024
in Anti-Money Laundering (AML), Compliance, Risk Management
A new United Nations report has highlighted the growing role of the Southeast Asian casino industry in facilitating cyber fraud and large-scale money laundering by organized crime networks. This expansion is closely linked with the region’s criminal ecosystem and includes the proceeds from online scams, notably pig-butchering schemes, where victims are enticed into fraudulent investments. The report indicates that these scams often originate from casinos situated in less regulated areas of countries like Laos and Myanmar. It is believed that hundreds of thousands of individuals have been trafficked into these regions, coerced into committing telecommunications fraud.
Jeremy Douglas, the regional representative for Southeast Asia and the Pacific at the United Nations Office on Drugs and Crime, notes in the report’s forward, “The acceleration of globalized crime networks in the Mekong, aided by technology, has significantly increased criminal revenue streams.” This evolution has led to the development of sophisticated systems and infrastructure for laundering large sums of money, including cryptocurrencies. The phenomenon is not entirely new. The report references instances where Philippines-based casinos were implicated in laundering about $81 million stolen by North Korea’s Lazarus hacking group from Bangladesh Bank. However, the industry has seen considerable growth, particularly after 2019, with over 340 land-based casinos reported in early 2022. With the onset of the pandemic and the halt in tourism, many casinos shifted focus to cyber fraud operations.
The UN report also points to a substantial number of online casinos engaged in money laundering. The ease of setting up online casino operations with minimal technical expertise and capital, facilitated by cryptocurrencies, mirror websites, and “white-label” service providers, has contributed to this trend. Online gambling platforms have become a prevalent channel for cryptocurrency-based money laundering. Funds are channeled into these platforms, sometimes using a network of affiliates, and then cashed out or bet in a way that integrates them into the formal financial system, thus laundering the money. The report also highlights the role of Tether (USDT) as a preferred cryptocurrency in the cyber fraud industry, favored for its stability and transaction anonymity. An independent audit found over $17 billion in USDT transactions linked to various illegal activities over a year.
Notably, in November 2023, the U.S. Department of Justice and Tether froze $225 million in USDT related to Southeast Asia-based pig butchering scams. The report includes a case study of the Fully Light business conglomerate in Myanmar’s Kokang region, involved in casinos and facilitating various illegal activities, including cybercrime and money laundering. China’s recent crackdown on cross-border cybercriminal operations in Myanmar, coupled with a successful rebel offensive in the Kokang region, has led to the arrest and repatriation of thousands involved in the industry. However, the report suggests that criminal networks continue to adapt and relocate, maintaining their operations under pressure.

Discover top supply chain news stories at The Supply Chain Report. For international trade resources, head to ADAMftd.com.

#SoutheastAsia #CasinoIndustry #CyberFraud #MoneyLaundering #OrganizedCrime #OnlineScams #PigButchering #Cryptocurrency #UNReport #TelecommunicationsFraud #GamingRegulation #CriminalNetworks #Cybercrime #Tether #USDT

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A new United Nations report has highlighted the growing role of the Southeast Asian casino industry in facilitating cyber fraud and large-scale money laundering by organized crime networks. This expansion is closely linked with the region’s criminal ecosystem and includes the proceeds from online scams, notably pig-butchering schemes, where victims are enticed into fraudulent investments. The report indicates that these scams often originate from casinos situated in less regulated areas of countries like Laos and Myanmar. It is believed that hundreds of thousands of individuals have been trafficked into these regions, coerced into committing telecommunications fraud.
Jeremy Douglas, the regional representative for Southeast Asia and the Pacific at the United Nations Office on Drugs and Crime, notes in the report’s forward, “The acceleration of globalized crime networks in the Mekong, aided by technology, has significantly increased criminal revenue streams.” This evolution has led to the development of sophisticated systems and infrastructure for laundering large sums of money, including cryptocurrencies. The phenomenon is not entirely new. The report references instances where Philippines-based casinos were implicated in laundering about $81 million stolen by North Korea’s Lazarus hacking group from Bangladesh Bank. However, the industry has seen considerable growth, particularly after 2019, with over 340 land-based casinos reported in early 2022. With the onset of the pandemic and the halt in tourism, many casinos shifted focus to cyber fraud operations.
The UN report also points to a substantial number of online casinos engaged in money laundering. The ease of setting up online casino operations with minimal technical expertise and capital, facilitated by cryptocurrencies, mirror websites, and “white-label” service providers, has contributed to this trend. Online gambling platforms have become a prevalent channel for cryptocurrency-based money laundering. Funds are channeled into these platforms, sometimes using a network of affiliates, and then cashed out or bet in a way that integrates them into the formal financial system, thus laundering the money. The report also highlights the role of Tether (USDT) as a preferred cryptocurrency in the cyber fraud industry, favored for its stability and transaction anonymity. An independent audit found over $17 billion in USDT transactions linked to various illegal activities over a year.
Notably, in November 2023, the U.S. Department of Justice and Tether froze $225 million in USDT related to Southeast Asia-based pig butchering scams. The report includes a case study of the Fully Light business conglomerate in Myanmar’s Kokang region, involved in casinos and facilitating various illegal activities, including cybercrime and money laundering. China’s recent crackdown on cross-border cybercriminal operations in Myanmar, coupled with a successful rebel offensive in the Kokang region, has led to the arrest and repatriation of thousands involved in the industry. However, the report suggests that criminal networks continue to adapt and relocate, maintaining their operations under pressure.

Discover top supply chain news stories at The Supply Chain Report. For international trade resources, head to ADAMftd.com.

#SoutheastAsia #CasinoIndustry #CyberFraud #MoneyLaundering #OrganizedCrime #OnlineScams #PigButchering #Cryptocurrency #UNReport #TelecommunicationsFraud #GamingRegulation #CriminalNetworks #Cybercrime #Tether #USDT

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