In Indonesia, police seized $32M from business executives laundering iGaming proceeds
Assets were confiscated from two top executives of A2Z Solusindo Teknologi, who created a shell company to conceal profits from illegal gambling sites.
Money laundering scheme through a shell company
Indonesian police seized over $32M from two businessmen suspected of laundering proceeds from illegal online gambling.
According to Commissioner General Wahyu Widada from the Criminal Investigation Agency, $16M in cash deposits were frozen, and cars and financial instruments were confiscated.
According to the investigation, the suspects created a shell company through which they concealed income from online gambling.
They held senior positions at A2Z Solusindo Teknologi and controlled both the main company and the shadow operations.
How the network operated
To launder the proceeds, the following methods were used:
- QR code payments,
- virtual accounts,
- cryptocurrencies,
- investment platforms,
- crypto wallets.
Police claim that 4,656 accounts in 22 banks were involved. Nearly 200 bank accounts in eight banks were also frozen.
Suspects face up to 20 years in prison
Both individuals have been charged with money laundering. If convicted, they could face up to 20 years in prison.
Link to illegal slot games
According to investigators, the scheme involved at least 12 gambling sites, most of which provided access to illegal online slots.
The suspects collected and redistributed funds using accounts of both the main and shell companies.
The scale of the problem: billions of dollars and millions of transactions
| Period | Transaction Amount | Number of Transactions |
|---|---|---|
| Q1 2024 | $5.4B | 209M |
| Q1 2025 | $2.8B | 39M |
| Forecast 2025 | ~ | 160M |
According to the Financial Transaction Reports and Analysis Center (PPATK), the number of gambling transactions has sharply declined amid a large-scale police crackdown. The center called it a major achievement.
Society at risk
Commissioner Widada stated that online gambling has affected all levels of society, from students to government officials.
According to him, there have been cases where people commit theft and even murder to repay gambling debts.
Asset seizure
Police seized:
- $16M in frozen deposits,
- 4 cars,
- financial assets including cryptocurrency.
Additionally, funds were seized from investment platforms and virtual wallets.
Conclusion
Indonesian authorities continue their fight against illegal online gambling. Complex laundering schemes involving thousands of accounts and crypto services highlight the scale of the problem and the need for systemic measures.