Six Korean Payment Firms Face Action Over Gambling Crimes
South Korea’s Financial Supervisory Service (FSS) has launched enforcement proceedings against six domestic payment gateway (PG) companies following the discovery of their involvement in illegal gambling, drug-related transactions, and other criminal schemes. The regulator revealed that the firms allegedly provided essential financial infrastructure—such as virtual accounts and payment processing—to criminal networks operating under the guise of legitimate businesses. […]
South Korea’s Financial Supervisory Service (FSS) has launched enforcement proceedings against six domestic payment gateway (PG) companies following the discovery of their involvement in illegal gambling, drug-related transactions, and other criminal schemes. The regulator revealed that the firms allegedly provided essential financial infrastructure—such as virtual accounts and payment processing—to criminal networks operating under the guise of legitimate businesses. […]
