Investigators established that payments in favor of foreign gambling platforms were conducted through a network of hundreds of terminals located in various banks. Special schemes were used to conceal the true purpose of the transactions.
Scale of operations and platforms involved
According to the AFM, major foreign online casinos such as Pin-UP, Mostbet, 1WIN, Vavada, Pinco, Sultangames, and Nomadgames were involved in the illegal financial scheme. Activities were carried out through the payment infrastructure of three controlled companies.
Financial indicators of the scheme
191 billiontotal transaction volume (tenge)
286 millionestimated commission fee (tenge)
Context
The Agency for Financial Monitoring (AFM) is a state body of Kazakhstan that exercises control over compliance with legislation in the field of financial monitoring and combating the legalization of proceeds.
