Featured Gambling

FinCEN Director Urges Casinos to Step Up SARs on Virtual Currency Transactions

US casinos have not been “robust” in reporting suspicious transactions linked to virtual currencies despite the issuance of federal guidance in May, the director of the Financial Crimes Enforcement Network (FinCEN) said Wednesday. In a speech at that the 12thAnnual Las Vegas Anti-Money Laundering Conference, Kenneth Blanco urged casinos… Read More

The Star casino roped into Crown controversy over links to junkets

An Asian money launderer used a Star Entertainment casino account in Sydney to send more than $400,000 offshore in a transaction tracked by Australian Federal Police investigators. The money was destined for Macau multi-millionaire casino tycoon, Alvin Chau, whose high-roller travel business, known as a junket, is licensed and paid… Read More

Crown investment companies were used to launder drug funds, authorities believe

Drug traffickers have used two private companies which were set up by Crown Resorts with Crown executives as directors to bank suspected proceeds of crime, federal investigations have alleged. Investigators traced money from a number of suspected or convicted drug traffickers and money launderers flowing into the bank accounts of… Read More
5th August 2019
The UK’s HM Treasury recently (and belatedly) published its Anti-Money Laundering and Counterterrorist Financing Supervision Report for the year ended 31 March 2018. With publication of the findings coming some fifteen months after the end of the review period, regulators and supervisors have no excuses for failing to address the… Read More
2nd August 2019
Britain’s biggest bookmaker, Ladbrokes Coral, has been hit with a £5.9m fine over “systemic” failure to protect vulnerable customers and prevent money laundering. Stolen money flowed through the bookmaker’s business and consumers suffered harm due to substandard safeguards, the gambling industry watchdog… Read More
1st August 2019
The Tasmanian independent Jacqui Lambie says she will consider telling the Morrison government “where to stick their bills” if the Coalition continues to pursue a suboptimal federal integrity commission. Lambie made the threat during a show of unity by parliamentary crossbenchers on Wednesday about the necessity… Read More
31st July 2019
Australian law-enforcement and intelligence agencies are scrutinizing the activities of one of Chinese President Xi Jinping’s cousins as part of broad probes of organized crime, money laundering and alleged Chinese influence-peddling, according to Australian officials. Among other things, police are looking into the alleged 2017 use by the cousin, Ming… Read More
31st July 2019
Anti-narcotic investigators are searching for signs of money laundering in the casinos that have spread across Sihanoukville, a Cambodian coastal city that has become a magnet for Chinese high-rollers, amid the booming methamphetamine market in Southeast Asia. The United Nations Office on Drugs and Crime estimates the region’s meth market… Read More
31st July 2019
By Charles Livingstone, Monash University Regulatory failure has been a hot topic in Australia recently. Royal commissions into the financial and aged care sectors have revealed major regulatory failures. The harm done by these oversights has been significant. Regulation is not just red tape. It protects… Read More
30th July 2019
Commonwealth authorities and Crown Casino will face an integrity investigation amid allegations about efforts to lure Chinese gamblers to Australia. Attorney-General Christian Porter said he had referred allegations about Crown Casino to the Australian Commission for Law Enforcement Integrity. Crown has been the subject of a Nine News investigation… Read More
29th July 2019
Crown Resorts is facing calls for a federal parliamentary inquiry after days of revelations about its flagship Melbourne casino and payments to a brothel owner and alleged money launderer. Tasmanian independent MP Andrew Wilkie said Prime Minister Scott Morrison and Opposition Leader Anthony Albanese should back the joint… Read More
25th July 2019
On Italian television, Brazilian football legend Roberto Carlos steps up to the ball and delivers his trademark free kick. It’s not a rerun of his long, curving 1997 Tournoi de France masterpiece — it’s a commercial for an online sports gambling company, Planetwin365, which has become a household name… Read More
22nd July 2019
Gambling bodies are concerned an increase in the maximum wager allowed on betting machines would lead to increased money laundering, according to correspondence seen by the Sunday Independent. TDs have been told the controversial Gaming and Lotteries Bill would enable criminals to place bigger bets and make greater gains on… Read More