Taiwan police allege former-gym accounts moved TWD2.6bn in betting funds

Taiwan's Criminal Investigation Bureau (CIB), the national police investigative agency, alleges that a laundering network used company accounts belonging to failed gyms to process deposits, withdrawals and transfers for illegal online betting sites. Investigators said 26 company accounts handled more than TWD2.6 billion and that account providers received about 1% of the flows.

Police estimated illegal profit at up to TWD26 million and referred suspects for investigation under money-laundering, organised-crime, fraud and gambling provisions; guilt has not been established. The case illustrates how dormant companies and sham retail websites can make betting transactions appear to be ordinary commerce.