8th February 2021
An alleged international drug boss suspected of laundering millions of dollars through gaming giant Crown Resorts has been arrested in Thailand, where he is fighting efforts to be extradited to Australia. The arrest of Chung Chak “John” Lee in late December is part of ongoing efforts by Australian authorities to… Read More
7th February 2021
Where did the buck stop? Or, rather, where did the duffel bags stuffed with $20 bills – suspected to be from Vancouver’s deadly, illicit opioid trade – stop? That’s the constant question circling over the public inquiry into money laundering in B.C. during recent testimony from four key executives from… Read More
1st February 2021
The president of the British Columbia Lottery Corp. says the former Liberal government called for tighter controls on cash at casinos but didn’t order the Crown corporation to impose buy-in limits on gamblers as part of its overall anti-money laundering strategy. Jim Lightbody said it wasn’t until 2018, following a… Read More
26th January 2021
Former managers at Richmond’s River Rock casino acknowledged that company executives complained about investigators probing foreign high-rollers for suspected drug-cash transactions, B.C.’s money laundering inquiry heard Monday. The inquiry has already heard that Asian-organized crime used loan sharks inside several Vancouver-area casinos — especially River Rock Casino — to provide… Read More
19th January 2021
Gambling firms have been accused of concocting a “dodgy dossier” to exaggerate the scale of black market betting, in an attempt to influence an upcoming government review expected to result in tougher regulation. Gambling industry figures recently seized on a report claiming that 200,000 people in the UK spend £1.4bn… Read More
19th January 2021
The Senate has approved on third and final reading a bill seeking to strengthen the Anti-Money Laundering Act (AMLA). Senate Bill No. 1945 garnered 21 affirmative votes and no negative votes during Monday’s session. “There are cracks in our financial institutions that some people have used to their advantage. With… Read More
18th January 2021
The NSW Crime Commission fears the Australian economy could become a safe haven for ill-gotten money as international criminals, like legitimate businesses, are drawn by the nation’s successful management of the COVID-19 crisis. The commission’s concerns have emerged as new figures show the state’s poker machine profits in the final… Read More
1st January 2021
A two-week police operation conducted from Dec 19 has resulted in the arrest of 230 people for their role in different scams in which victims lost more than S$2.9 million. The 388 ruses involved social media impersonation, Internet love scams, cheats using fake gambling and loan platforms as well as… Read More
29th December 2020
Crown Resorts has introduced new requirements for gamblers who want to transfer funds to the casino giant, which is scrambling to improve compliance before an urgent review of its Victorian licence by the state government. In a belated attempt to stop money laundering at its Melbourne and Perth casinos, Crown… Read More
22nd December 2020
When Chinese businessman Wang Xi first gambled at Sheldon Adelson’s Marina Bay Sands casino in Singapore, he hit the jackpot, winning $3.7 million. After more wins in later trips, his luck turned sour and he racked up millions in losses. After one particularly tough day in the high-roller room, he… Read More