UN Agency Calls for Urgent Action on Crypto-Enabled Crimes in Southeast Asia
The United Nations Office on Drugs and Crime (UNODC) expressed deep concern about crypto’s role in facilitating illicit activities across Southeast Asia.
It notes that the existing underground banking infrastructure, including underregulated casinos, junkets, and illegal online gambling platforms, has increasingly adopted crypto as a tool for crime.
UNODC Raises Alarm Over Crypto
In its latest report, the UN agency claimed that the rise of high-risk virtual asset service providers (VASPs) has created a new avenue for criminal enterprises to operate without accountability, further entrenching these activities.
As such, UNODC called for urgent action, recommending enhanced monitoring of organized crime within casinos,…
