The UK National Crime Agency is recently set to seize assets worth about 6 million pounds belonging to a Chinese woman in the UK, including two apartments, a parking space, and six bank accounts. The UK High Court has dismissed the woman's appeal to lift the asset freeze order, maintaining the decision. It is reported that this woman is the niece of Wang Shuiming, known as the "ancestor" of Philippine online gambling, and a key member of his family's wealth. In plain terms, she was caught, and the money hidden in the UK is also going to be swept away.
From Anxi to the Philippines: The Rise of an Online Gambling Empire
Wang Shuiming moved from Anxi, Fujian to the Philippines in 2010, initially starting with selling lottery prediction software, then shifting to illegal online gambling. In 2012, he and his partners founded "Hengbo Entertainment," introducing a "full-service" model to provide technical support and agency for other gambling platforms, quickly attracting a large number of fellow Fujianese to join. At its peak, he controlled seven to ten gambling groups, with monthly gambling funds reaching 50 billion yuan, employing over 10,000 people, with a monthly payroll of over a hundred million yuan. His wealth spanned the Philippines, Malaysia, Cambodia, Dubai, Myanmar, and more, known as the "ancestor of telecom fraud."
The Singapore money laundering case exposed, luxury ends with arrest in Montenegro
As his immense wealth accumulated, Wang Shuiming moved his family to Singapore in 2019 in an attempt to launder his assets, but became infamous due to a 16 billion Singapore dollar money laundering case. He held passports from four countries, lived in luxury houses, drove high-end cars, and flew on private jets, enjoying the ultimate luxury. In January 2025, he was arrested in Montenegro, facing extradition back to his home country. He was also involved in cryptocurrency fraud, linked to multiple cases in Hong Kong and the Philippines. Wang Shuiming's downfall serves as a vivid warning against cross-border telecom fraud and illegal gambling: no matter how vast the capital, illegal activities will ultimately pay the price. Interested in the latest updates on cross-border crime enforcement in Southeast Asia? PASA official website keeps you updated.
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