23 charged in Turkey in investigation into illegal betting
Turkish authorities have referred 23 suspects to court in connection with a major investigation targeting the provision of financial infrastructure to illegal betting companies.
The case involves a Malta-based crypto asset provider and payment institution named Fincrypto UAB, also known as Paymix.
The company is accused of having supplied both financial and technical infrastructure to platforms for illegal gambling.
This investigation underscores Turkey’s ongoing fight against financial crime and illegal gambling, which often involve international actors and complex digital financial solutions. The investigation has identified Paymix as a central actor in facilitating transactions and operations for betting companies that operate outside of Turkish legislation.
The 23 individuals were initially apprehended as part of a wider operation and have now been formally referred to the judicial system for further processing.
This step marks a significant development in the ongoing effort to dismantle the underlying networks that support illegal gambling activity in the country. Accusations against an international actorFincrypto UAB (Paymix) is registered as a crypto asset provider and payment institution based in Malta, which gives the case a clear international dimension.
In recent years, Turkish authorities have increasingly turned their focus toward companies suspected of facilitating illegal economic activities, particularly when these extend across national borders and involve digital currencies.
The use of a foreign, crypto-based platform highlights the growing complexity of investigating and prosecuting such organized crime. The fight against financial crime intensifiesThis case joins the ranks of Turkish measures against money laundering, the financing of illegal betting, and other financial crime, where large sums are transacted outside of regulated systems.
In recent years, the authorities have stepped up efforts to cut off financial flows to such operations, both nationally and internationally, as part of broader security strategies.
The referral of the 23 suspects to the courts indicates an intensification of these campaigns and a focus on targeting the infrastructure behind criminal networks. Source: Star
Source: Star
