16th September 2016
The wife of a suspected Chinese-Australian money launderer who allegedly turned over more than $850 million at Crown Casino has failed in her bid to access a Californian luxury home held under proceeds of crime laws. High-stakes gambler Dan Bai Shun Jin is under investigation by the Internal Revenue Service in the United States and Australian Federal… Read More
15th September 2016
Quebec securities officials are investigating possible connections between a Montreal Chabad group and an alleged money-laundering scam involving the ex-CEO of Amaya Inc., the world’s largest publicly traded online gambling company. David Baazov, 35, is facing charges filed in March that he tried to influence the Amaya stock price by… Read More
11th September 2016
The failure of Vietnam’s government to reverse a longstanding ban on locals in casinos may be detrimental to foreign investment in the sector, analysts cautioned. In its latest draft decree this week, the Ministry of Finance maintained that only foreigners and Vietnamese with foreign passports can access casinos, according to… Read More
6th September 2016
Up until recently, the UK Gambling Commission was reluctant to allow online gambling operators to accept digital currencies due, in part, to fears related to money laundering. A number of respected US companies accept bitcoin as payment for their goods or services. Partly as a result of this, the Commission… Read More
31st August 2016
The operators of one of Southern California’s oldest casinos have been ordered to pay a $1-million fine and turn over another $1.4 million it failed to report through transactions to the government, federal prosecutors announced Wednesday. In January, the Normandie Casino in Gardena pleaded guilty to violating the Bank… Read More
9th August 2016
The UK’s gambling regulator has clarified its rules for digital currencies. In an update to its codes of practice issued this July, the UK Gambling Commission (UKGC) outlined how licensees can implement appropriate policies for so-called cash equivalents, a definition under which digital currencies are captured. The policy change appears to… Read More
1st August 2016
Casino regulators need to work together to address the challenges of a fast-changing casino sector and the wide-ranging threats to the integrity of the industry via transnational crime, says Lee Tzu Yang, chairman of the Casino Regulatory Authority (CRA) of Singapore. He made the remarks in a speech published on… Read More
18th July 2016
More than 4,100 people were arrested in co-ordinated raids across 11 different countries during Euro 2016 in one of the largest global police operations against illegal gambling in Asia. Nearly 4,000 raids were carried out in China, France, Greece, Italy, Malaysia, Singapore, Thailand and Vietnam on illegal gambling… Read More
6th July 2016
A bill that calls for casinos to be covered by the Anti-Money Laundering Act of 2001 has been submitted to the Philippine House of Representatives, local media reported. The proposed legislation came as a response to President Rodrigo Duterte’s recently announced campaign for strengthening the country’s anti-money laundering prevention and… Read More
15th June 2016
Gambling operator Petfre (Gibraltar) Ltd., trading as Betfred, has agreed to pay the amount of £800,000 to compensate for poor anti-money laundering and responsible gambling policies and to contribute to socially responsible causes as part of a settlement with the UK Gambling Commission, after the gaming company’s license had been reviewed by the gambling regulator. Read More