Authorities in Bangladesh uncovered a laundering scheme where illegal gambling profits were funneled through fake religious charities. The groups claimed to support mosque construction and aid for the poor, while actually masking betting revenue.
Large donations were transferred from anonymous wallets to charity accounts, then redirected to luxury purchases or crypto exchanges. Investigations are ongoing, and several bank accounts have been frozen.
The Financial Intelligence Unit urges donors to verify the legitimacy of any organization before contributing online.
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