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
17th June 2020
By Roman Shleynov, OCCRP, 16 June 2020 OCCRP — One day in the summer of 2013, the central Moscow office of Fonbet, Russia’s largest sports betting company, looked like a besieged fortress. Sparks and the smell of burnt metal filled the air. Officers from the anti-corruption directorate of the… Read More
16th June 2020
Dozens of scantily dressed Filipina croupiers stand in booths shuffling cards in front of a webcam, their faces softly illuminated by professional lighting. Nearby, rows of Chinese nationals sit at desks chatting on cellphones with potential clients back in China. This is what a typical POGO — or a Philippine… Read More
12th June 2020
British Columbia and Ontario provide a base of operations for an elite network of professional money launderers identified by police in 2019 and washing “upwards of hundreds of millions” per year, B.C.’s Cullen Commission into money laundering heard this week. While Global News has reported on sophisticated transnational money-laundering networks… Read More
8th June 2020
Singapore is considering tightening the due diligence process for customers at its casinos in an effort to prevent money laundering and financing terrorism, according to the Casino Regulatory Authority. The regulator earlier asked casino operators to set a threshold for the amount of cash transactions that are subject to… Read More
5th June 2020
The Singapore casino of billionaire Sheldon Adelson’s Las Vegas Sands Corp. is being probed by the U.S. Department of Justice over whether anti-money laundering regulations were breached in the way it handled the accounts of top gamblers. The Justice Department in January issued a grand jury subpoena to a… Read More