“`html
Turkey Cracks Down on Payment Providers Facilitating Illegal Gaming
Turkey’s authorities have intensified their efforts against illegal online gambling, resulting in arrests and asset seizures connected to payment providers allegedly involved in the illicit operations. The crackdown led to the apprehension of several individuals related to a payment firm and the suspension of operational licenses for multiple companies.
Key Points
- The Turkish police arrested 52 individuals, including Erkan Kork, chairman of BankPozitif and PayFix.
- Kork’s companies reportedly processed over $110 million connected to illegal online gambling.
- Authorities seized assets worth approximately $190 million during the operation.
- The Central Bank suspended the operational licenses of PayFix and two other payment firms due to legal violations.
- Turkey’s ongoing campaign identified and banned 233,000 illegal gambling sites in 2024 alone.
Why should I read this?
This article is crucial for understanding Turkey’s stringent measures against illegal online gambling, which not only affect the financial sector but also impact public integrity. The crackdown reflects broader trends in regulatory enforcement against illicit activities in the iGaming industry, offering insight for businesses and stakeholders navigating these legal landscapes.