Kazakhstan's Agency for Financial Monitoring (AFM) has completed its investigation into facilitating the illegal operation of online casinos, the website infohub.kz reports.
According to investigators, the payment infrastructure of three controlled companies, which included hundreds of terminals at various banks, was used to process transactions on behalf of foreign online casinos, including Nomadgames, Sultangames, Pinco, Pin-UP, Vavada, Mostbet and 1WIN, the agency's press service said.
The total volume of transactions amounted to 191 billion tenge, with estimated commission fees of 286 million tenge.
"To conceal the purpose of payments, the details of legal entities and individual entrepreneurs were used, including without their knowledge. Internet acquiring terminals were opened in their names, while fictitious contracts and websites imitated payment for goods and services. The funds were transferred to foreign counterparties, including through cryptocurrency," the press service said.
The organizer has been placed in custody. With court authorization, four vehicles and 103 million tenge in cash have been seized.
The criminal case has been sent to court. Under Article 201 of the Criminal Procedure Code of the Republic of Kazakhstan, no other information may be disclosed.