Good Morning. The Manila connection. The US Department of Justice has revealed a significant cryptocurrency laundering operation linked to Southeast Asian scams, involving a company with gaming links, the Manila-based firm ITECHNO Specialist Inc., and is seeking to forfeit $225 million in USDT laundered through a network of accounts used by organized crime groups for fraudulent activities. And now for something completely different, the Anjouan iGaming regulator has released further clarification and key updates regarding its new B2B License Recognition Certificate.
What you need to know
- US forfeiture complaint ties $225M crypto laundering ring to Southeast Asia scam compounds; Manila firm with gambling links named.
- Anjouan releases additional information about new B2B License Recognition Program ahead of July 2025 compliance deadline.
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AGB Intelligence
CRYPTOCURRENCY
US DOJ uncovers massive crypto laundering linked to Southeast Asian scams
A recent civil forfeiture filing by the US Department of Justice has unveiled a significant cryptocurrency laundering operation linked to Southeast Asian scam networks, particularly involving a Manila-based firm, ITECHNO Specialist Inc., suspected of facilitating these activities. The DOJ seeks to forfeit around $225 million in USDT allegedly laundered through 144 accounts on the Seychelles-based crypto exchange OKX, which were used by organized crime groups executing “pig butchering” scams that deceive victims globally via fake investment platforms.
Corporate Spotlight
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Industry Updates
- BetConstruct ready to showcase full portfolio of solutions at iGB L!VE 2025.
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INTELLIGENCE | ASEAN | CAREERS
