Featured Gambling

The hunt for Asia’s El Chapo

He is Asia’s most-wanted man. He is protected by a guard of Thai kickboxers. He flies by private jet. And, police say, he once lost $66 million in a single night at a Macau casino. Tse Chi Lop, a Canadian national born in China, is suspected… Read More

Shadowy operators power Duterte’s offshore gaming boom

It has created 470,000 jobs. It contributes over $11 billion to the economy. It has even sparked a diplomatic clash with China. The strange thing is, nobody is sure who fully owns it. It’s not as though the Philippine offshore gaming operators who are transforming Manila, known collectively as POGOs,… Read More

Crown Casino whistleblower alleges gambling giant skirting money-laundering laws

In a private room in Melbourne’s Crown Casino, a man wearing tracksuit pants and runners approaches a counter with a rectangular blue cooler bag. Calmly, he unzips the bag to reveal its contents: dozens of thick, neatly stacked bundles of Australian $50 and $100 notes. The bricks of cash are… Read More
11th October 2019
The European Union is considering tighter rules to counter the flow of dirty money into the region’s banks and other economic sectors, EU officials said on Thursday. Following a spat of money-laundering scandals at several lenders that highlighted weak oversight by national authorities, the EU is also considering setting up… Read More
11th October 2019
Betfred will face a fine of £322,000 ($395,000) after a Gambling Commission (GC) investigation found the operator failed to carry out adequate source of funds checks on a customer. Over a 12-day period in November 2017, a Betfred customer deposited £210,000 and lost a total of £140,000. The customer, who… Read More
10th October 2019
The European Union is working on a new approach for flagging countries with weak anti-money-laundering laws after the bloc’s previous attempt to create a blacklist failed earlier this year. A newly proposed methodology for designating high-risk countries is aimed at addressing concerns about transparency in the previous process, according… Read More
10th October 2019
The International Monetary Fund (IMF) is asked to conduct an independent evaluation of money laundering prevention in the Nordic and Baltic region, a member of the Bank of Lithuania’s board said Wednesday. “A regional monetary prevention evaluation will be performed,” Marius Jurgilas told members of the Seimas Committee on Budget… Read More
7th October 2019
Foreign criminals were able to launder billions of pounds of dirty money through the UK because of a failure to close a business loophole, investigative reporters have claimed. Last year the UK government announced plans to clamp down on Scottish Limited Partnerships (SLPs), which were set up in 1907… Read More
30th September 2019
Financial intelligence agency AUSTRAC is warning pubs and clubs, money remitters and fintechs offering payments services to “harden” their technology systems to help protect against organised crime, or risk being hit with public enforcement actions as the agency is emboldened after the Hayne royal commission. After last week ordering United… Read More
27th September 2019
Investors in Philippine Offshore Gaming Operations (Pogos) are also required to report suspicious transactions to the Anti-Money Laundering Council (AMLC) to prevent the growing online casino industry, catering mainly to Chinese players, from becoming a conduit for money laundering. At the Senate finance committee hearing on AMLC’s proposed 2020 budget,… Read More
26th September 2019
The Council of Europe’s anti-money laundering (AML) watchdog called on nations to take swift action against money launderers and terrorist financiers in an annual report published Wednesday.  Moneyval Chair Elzbieta Frankow-Jaskiewicz said in the report that large-scale money laundering scandals and terrorist attacks in 2018 underline the “importance and… Read More
26th September 2019
Several Mexican regional soccer teams are being investigated for alleged money laundering, sources from the Mexican Ministry of Finance confirmed on Wednesday to EFE, without proving the names of the teams linked to the case. No athletic clubs have been named directly and Mexico’s highly lucrative and popular soccer teams… Read More
24th September 2019
The provincial government had a message to communities on Monday morning at the beginning of the annual convention of B.C. municipalities: its efforts to combat money laundering were having an effect, but cities and towns still need to be on guard. But local leaders had their own message for the province: it needs to… Read More