China Hitting Online Gambling Hard
by Glenn Baird - March 3, 2020
Chinese authorities ae coming down hard on online gambling, creating a blacklist of sites and intensifying their examination of online transactions.
Just last week the Ministry of Public Security in China declared that they would be looking to “completely destroy a group of criminal organizations”, in an attempt to oppose “cross border gambling.”
Minister Zhao Kezhi said that it was “necessary to establish a ‘blacklist’ system for participating in gambling and employees and overseas tourist destinations.” Adding that the ministry will also be aiming to “strengthen the ‘fund chain’ and ‘technical chain’ governance measures and resolutely cut off the channels for the circulation of gambling funds.”
This was then hammered home by China UnionPay who claimed that some of its partners were not doing enough to “take effective measures to curb illegal elements from engaging in illegal trading activities”, before going on to remind its partners that they were barred from doing business with any illegal gabling firm.
UnionPay went on to demand that its partners “standardize the display of transaction information, accurately reflect the names of real merchants and acquirers”, all this before again making it clear that not doing so would be considered an illegal act.
This all follows on from the Ministry’s decision to suspend the lottery in the middle of January in an attempt to prevent large crowds gathering during the outbreak of Corona Virus, along with placing severe restrictions on travel to Macau casinos.
The current message is likely to a result of increased online activity, given that Chinese citizens have fewer options to gamble offline.