This report explores North Korea’s involvement in the global casino and gaming sector, focusing on its exploitation of under-regulated aspects of the industry to launder and move illicit assets. It details how North Korean actors, in collaboration with organized crime groups, use junket operations and cryptocurrency to obfuscate the origins of illicit revenue, potentially supporting the country’s weapons of mass destruction (WMD) program. The report emphasizes the importance of regulatory and law enforcement responses, offering a framework for policymakers and regulators to mitigate risks through comprehensive risk assessments, regulation of junket operators, and stricter controls on cryptocurrency use in casinos. Additionally, the report highlights vulnerabilities in the gaming sector, offering recommendations for jurisdictions to develop risk mitigation strategies.
Authors
- Published in
- United Kingdom
