The United Nations Office on Drugs and Crime (UNODC) has released a report calling on Southeast Asian countries to criminalize the operation of money service businesses or virtual asset service providers (VASPs) without a license, Foresight News reported.
The report points out that some VASPs are facilitating transactions for fraud organizations and high-risk gambling websites. The report recommends strengthening supervision of organized crime’s involvement in casinos, gambling intermediaries, online fraud and other related businesses.
The report also recommends strengthening training for authorities on money laundering methods related to online gambling operations and complex technologies, especially cryptocurrencies.
