Featured Gambling

Malta: EU anti-money laundering rules ‘about to be adopted’

The government has given its assurance that it will soon implement the EU’s new anti-money laundering rules, as Malta faces infringement procedures later this month if it fails to do so. The fifth anti-money laundering directive, the latest set of rules designed to cut down on financial crime in Europe,… Read More

ClubsNSW whistleblower reveals the ‘alarming’ scale of money laundering in pokies rooms at local clubs and pubs

A whistleblower and former employee of ClubsNSW has claimed that money laundering through poker machines is rife in pubs and clubs across the country. In an exclusive interview with the ABC, Troy Stolz, a former ClubsNSW anti-money laundering and counter-terrorism finance (AML/CTF) compliance auditor, said that the scale of the… Read More

MONEYVAL experts say Gibraltar must do more to combat money laundering and terrorism financing

Gibraltar must do more to combat money laundering and terrorism financing, according to a detailed report by a team of international experts who identified fundamental “shortcomings” in compliance with international standards, even while acknowledging that key supervisors here have “a robust understanding” of the risks and requirements. The 250-page… Read More
11th February 2020
After fighting the CBC for nine years over the release of money laundering records, the B.C. Lottery Corporation is finally relenting. After three trips to court, a full hearing before B.C.’s information and privacy commission, and another hearing coming up, the lottery corporation now plans to go to court to get… Read More
10th February 2020
The Crown casino high-roller and junket partner known as “Mr Chinatown” – who is also a business partner of the Chinese president’s cousin – has been arrested and extradited to China for suspected money laundering and corruption. Crown Resorts regarded Tom Zhou as a “very, very important person” and paid… Read More
5th February 2020
China limits how much money one person convert into foreign currency each year. Two Las Vegas men who helped gamblers bypass that limit have found themselves in deep trouble with the IRS. Las Vegas residents Bing Han and Lei Zhang have pleaded guilty to Operation of Unlicensed Money Transmitting Business,… Read More
31st January 2020
By Robert Diab, Thompson Rivers University People have long been drawn to Vancouver’s idyllic coastal mountain setting. The region’s strong civil liberties and stable economy convince many of them to stay, and Vancouver has thrived with its diverse set of residents. But the city has also become a… Read More
30th January 2020
As British Columbia’s government rolled out new laws aimed at cracking down on massive, questionable transactions flowing through casinos on Canada’s West Coast, the number of suspicious cash investigations in Ontario’s casinos more than doubled in 2018, a Global News investigation has found. Experts fear the international drug cartels… Read More
24th January 2020
Chinese coke traffickers. Latin American cartels. Millions in American cash laundered through a Guatemalan casino. According to a wild federal criminal complaint unsealed in Virginia last week, the war on drugs is going about as well as ever. But it’s still no cinch to hide the proceeds of cross-continental… Read More
23rd January 2020
A year-long crackdown on Latvian banks’ reputation for money laundering and sanctions dodging appeared to have paid dividends January 22 with official recognition of its success from an important international organization. The Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism – MONEYVAL is a… Read More
23rd January 2020
The Swedish Gambling Authority (SGA) has taken a stance against money laundering and petitioned the Ministry of Finance to increase the maximum penalty of the gambling operators in violation of the Money Laundering Act. The Authority argued that, given the turnover of the larger gambling operators licensed in Sweden,… Read More
21st January 2020
The NSW inquiry into Crown Resorts’ casino operations will assume the powers of a royal commission to summon James Packer and Lawrence Ho to answer questions about alleged criminal behaviour and links to a banned casino operator. The inquiry – comprising five public hearings starting on February 24 – is the first… Read More
21st January 2020
Former Socialist minister António Vitorino – once tipped as a contender for party leader – is being cited by Spanish prosecutors over a “scheme of corruption and money laundering” involving more than €35 million in Venezuelan funds. Vitorino has denied the allegations, saying they are “absolutely false”. The story is… Read More