Australia’s Black Economy Taskforce (BET) has given law enforcement agencies the green light to hunt down illegal betting exchanges that are believed to be connected to Asian crime gangs.

The Sydney Morning Herald reported that the BET has identified at least 10 illegal exchanges that reportedly yields AUD1 billion (US$805 million) annually and is reportedly funneled into a single exchange.

BET chairman Michael Andrew claimed that these illegal betting exchanges are linked to local and international crime syndicates, particularly Asian crime gangs. He said they were able to get these pieces of information from the 147 submissions they received, some coming from the racing industry insiders.

“We have for several months been gathering information on these agents and punters but welcome any more intelligence from the community,” Andrew told the news agency in an exclusive interview.