(AsiaGameHub) – Approximately ten individuals have been indicted in Taiwan for their involvement in a money-laundering operation linked to a Macau casino, involving nearly $1 billion.
Filed by the Yunlin District Prosecutor’s Office under the Money Laundering Control Act, this case marks the first instance of a cross-border money-laundering operation utilizing casino chips.
The operation involved transferring illicit gambling funds to individuals who then overpaid their credit card balances to artificially boost their spending limits. These cards were subsequently used in Macau to buy casino chips, which were converted into cash or foreign currency, frequently without any actual gambling taking place.
Following an initial report by the Criminal Investigation Bureau in February, a March raid led to the arrest of roughly 20 suspects. Out of the total suspected laundered funds, officials have tracked approximately TWD 278 million (US $8.4 million) to specific persons and frozen TWD 230 million (US $7 million) in cash and bank accounts. Additionally, investigators identified around 85 credit cards linked to the scheme.
This incident underscores the persistent risk associated with using casino chips and third-party intermediaries to obscure the origins of funds, which significantly complicates law enforcement efforts.
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