Featured Gambling

Argentina casino shutdown allowing illegal gambling rings to thrive

By Emma Sarfity, InSight Crime, 3 August 2020 InSight Crime – Authorities in Argentina have implicated police and prosecutors in an illegal gambling ring linked to the infamous Los Monos crime group, underscoring how the coronavirus pandemic has provided yet more opportunity for official corruption. Five people were charged… Read More

UK gambling probe launched amid fears of money laundering and spiralling debt

The Government has promised to review gambling legislation but patience is running out amid worries that the industry could be used for money laundering. A boom in online and mobile gaming has seen licensed gambling grow by 57 percent in a decade – fuelling worries about the human cost. Betting… Read More

Wirecard processed payments for Maltese casino linked to ’Ndrangheta: FT

Wirecard processed transactions for a Malta-based online casino that was later found to have laundered funds for the ’Ndrangheta mafia organisation, the Financial Times reported Monday. Italian courts determined that the gaming company, Malta-based CenturionBet, was used by an arm of the ’Ndrangheta to launder millions of euros in criminal… Read More
3rd August 2020
Crown Resorts opened accounts with the Commonwealth Bank using “misleading” names that masked their use for gambling and accepted high-risk cash deposits, despite ANZ shutting down similar accounts over money laundering concerns, an inquiry has heard. Crown’s chief legal and regulatory compliance officer Joshua Preston told the NSW government probity… Read More
31st July 2020
Crown Resorts conducts its due diligence of junket partners to check for potential criminal links from within the marketing team tasked with luring wealthy high rollers to its Australian casinos, creating what the group’s legal chief concedes could be a conflict of interest. Joshua Preston, who is responsible for legal… Read More
29th July 2020
Collapsed payments processor Wirecard AG miscoded gambling transactions and had high levels of stolen card purchases and reversed transactions, leading to hefty fines from card networks Visa Inc. and Mastercard Inc., according to people familiar with the matter. Visa and Mastercard each imposed fines exceeding $10 million… Read More
24th July 2020
Ngeth Both guards one of the many newly built high-rise condominiums in Koh Pich, a luxury district in the Cambodian capital Phnom Penh. Both’s job is quiet most days. There is almost no traffic in the street, and there is hardly anyone living inside the condo. “It’s always quiet. Each… Read More
8th July 2020
Italy’s Banca Generali and other investors from around the world purchased bonds partly backed by the illicit proceeds of the ’Ndrangheta mafia group, the Financial Times reported on Tuesday, citing financial and legal documents. The private bonds stemmed from unpaid invoices owed by Italian public health authorities that were… Read More
7th July 2020
Mastercard was warned about Wirecard’s links to an alleged laundering network in 2016, The Times can reveal. The payments group was handed details of Wirecard’s alleged links to a scheme that used bogus online stores to disguise the processing of high-risk payments, and Mastercard executives privately admitted to concerns about… Read More
6th July 2020
The European Commission said on Thursday it was suing Austria, Belgium and the Netherlands because the three countries had not fully integrated EU rules on anti-money laundering into their national laws. The 27-nation bloc’s executive cited a lack of action on EU law related to fundamental aspects of the anti-money… Read More
3rd July 2020
The B.C. Lottery Corporation has finally given up a decade-long fight to keep a secret. In 2010, BCLC was hit with a $700,000 fine by FINTRAC, the country’s money laundering watchdog, for undisclosed violations of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. It was the largest penalty… Read More
25th June 2020
AP – Brown paper bags stuffed with cash. Hundreds of thousands of dollars in casino chips. A 77-story skyscraper meant to be the highest west of the Mississippi River. Jose Huizar, a Los Angeles city councilman known as “the boss,” was arrested Tuesday on allegations he masterminded a $1.5… Read More
18th June 2020
ClubsNSW has filed its defence against former employee turned whistleblower Troy Stolz, further signalling a potentially lengthy and expensive legal fight. Mr Stolz, who worked as an anti-money laundering compliance auditor for ClubsNSW, revealed the “alarming” scale of money laundering in pokies rooms at local clubs and pubs earlier… Read More