Vietnam's Illegal Online Gambling Staggering

Published Saturday, August 23, 2014 -
Vietnam's Illegal Online Gambling Staggering

According to Vietnamnews there has been a staggering amount of illegal online betting going on in Vietnam . Deputy general director of the Public Security Ministry's General Department on Combating Crimes Lieutenant General Tran Trong Luong commented at a conference in Ha Noi recently that millions of dollars were bet online during the FIFA World Cup Championship. The news article pointed out that a report from Interpol regarding cyber crime in Vietnam cost the economy much as US$400 billion per year, which is greater than drug trafficking crimes.

Luong continued to explain, "These crimes have seriously affected national security and social order and threaten the nation's economic development," The authorities have made some progress in bringing down a number of gambling rings and organisations. In the process they have  discovered thousands of websites and IP addresses devoted to illegal online gambling, when the police are close the cyber criminals merely switch their strategy to evade capture.

There were more than 1,450 websites and IP addresses hosting gambling and football betting during the FIFA World Cup discovered during investigations. Police tracked over 2,520,000 log-ins for gambling sites. Deputy Minister of Public Security Senior Lieutenant General Le Quy Vuong speaking at a conference said there is an urgent need to combat these types of criminal activities with more manpower and technology from key sectors, especially in Internet administration and banking practices. Vuong  added, "Supervision of transactions from Viet Nam to abroad and vice versa, as well as suspicious transactions, should be stepped up," Vuong commented that all divisions of the Ministry of Public Security, the Ministry of Information and Communications and the State Bank of Viet Nam should work together to firm up regulations on preventing money laundering. "Those efforts not only helped reduce the number of illegal gamblers but also sent a warning to those intending to gamble online," Luong concluded.







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