31st March 2020
The coronavirus has succeeded where lawmen like Bobby Kennedy and Rudy Giuliani failed for more than a century — by putting the freeze on the mob. The wholesale cancellation of major sports in the face of the contagion has wiped out tens of millions of dollars in illegal gambling… Read More
27th March 2020
While crooks and terrorists are as susceptible to COVID-19 as other mortals, underworld cash always seems immune, so Canada’s money-laundering monitor has begun triaging financial transaction reports during the pandemic. Staffing shortages and business disruption forced by the coronavirus prompted the Financial Transactions and Reports Analysis Centre of Canada, known… Read More
26th March 2020
The founder of PokerStars admitted Wednesday to running an illegal online gambling business, nine years after he and other online poker executives were indicted by prosecutors in New York. Isai Scheinberg and 10 other principals at three online gambling companies were charged by federal prosecutors in New York in March… Read More
25th March 2020
Malta’s Financial Intelligence Analysis Unit (FIAU) has reported a 157% increase in suspicious transaction reports (STRs) in 2019 from 2017, with 2,778 STRs received. The anti-money laundering unit also reported an unprecedented increase in the number of requests for information received from other domestic authorities especially supervisory authorities. FIAU is also… Read More
20th March 2020
A whistleblower and former employee of ClubsNSW is suing the organisation for around $2 million. Troy Stolz, who worked for ClubsNSW for nine years, is taking legal action in the Federal Circuit Court alleging bullying, sham contracting, underpayment and other breaches of the Fair Work Act. The industry group represents… Read More
13th March 2020
The online betting firm Betway will pay a record £11.6m settlement for accepting stolen money from high-spending “VIP” customers, some of whom were displaying clear signs of gambling addiction. The Gambling Commission, which has been under fire for being too weak, said its investigation showed that Betway had… Read More
2nd March 2020
President Rodrigo Duterte’s chief economic manager on Friday said he has asked the Anti-Money Laundering Council (AMLC) to look into Chinese citizens who had brought huge amounts of money into the country. Finance Secretary Carlos Dominguez III said he was “familiar with the issue” raised by Sen. Richard Gordon, who… Read More
2nd March 2020
By Nicholas Wells OCCRP — Money laundering heightened a drug overdose crisis, led to skyrocketing real estate prices and distorted the economy of the Canadian province of British Columbia, officials told a public hearing earlier this week. But who was to blame was debated over the course of the… Read More
28th February 2020
The online gambling company Mr Green, owned by William Hill, has been fined £3m for “systemic failings” in its measures to stop money laundering and problem gambling. The Gambling Commission said Mr Green was the ninth gambling company to face sanctions as part of a lengthy probe that… Read More
28th February 2020
Serious and organised crime (SOC) is the most significant national security threat faced by the UK; it persistently erodes our economy and communities and affects more UK citizens, more often, than any other threat, impacting on public services, businesses, institutions, national reputation and infrastructure. A PERSISTENT THREAT The… Read More