30th January 2020
As British Columbia’s government rolled out new laws aimed at cracking down on massive, questionable transactions flowing through casinos on Canada’s West Coast, the number of suspicious cash investigations in Ontario’s casinos more than doubled in 2018, a Global News investigation has found. Experts fear the international drug cartels… Read More
24th January 2020
Chinese coke traffickers. Latin American cartels. Millions in American cash laundered through a Guatemalan casino. According to a wild federal criminal complaint unsealed in Virginia last week, the war on drugs is going about as well as ever. But it’s still no cinch to hide the proceeds of cross-continental… Read More
23rd January 2020
A year-long crackdown on Latvian banks’ reputation for money laundering and sanctions dodging appeared to have paid dividends January 22 with official recognition of its success from an important international organization. The Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism – MONEYVAL is a… Read More
23rd January 2020
The Swedish Gambling Authority (SGA) has taken a stance against money laundering and petitioned the Ministry of Finance to increase the maximum penalty of the gambling operators in violation of the Money Laundering Act. The Authority argued that, given the turnover of the larger gambling operators licensed in Sweden,… Read More
21st January 2020
The NSW inquiry into Crown Resorts’ casino operations will assume the powers of a royal commission to summon James Packer and Lawrence Ho to answer questions about alleged criminal behaviour and links to a banned casino operator. The inquiry – comprising five public hearings starting on February 24 – is the first… Read More
21st January 2020
Former Socialist minister António Vitorino – once tipped as a contender for party leader – is being cited by Spanish prosecutors over a “scheme of corruption and money laundering” involving more than €35 million in Venezuelan funds. Vitorino has denied the allegations, saying they are “absolutely false”. The story is… Read More
20th January 2020
A company that illegally processed millions of euros worth of payments for an online gambling operation will not face any criminal charges after reaching a €2.34 million settlement with the Malta Gaming Authority. An industry source familiar with the settlement said the authorities had decided to close off the case… Read More
16th January 2020
A businessman “connected to Asian organized crime” was allowed by a British Columbia government employee to buy part of a B.C. Lottery Corp. casino, according to a confidential RCMP report obtained by Global News. And the government employee was later hired in a B.C. casino. The explosive accusation is… Read More
16th January 2020
The Australian Transaction Reports and Analysis Centre (AUSTRAC) and the U.K. Gambling Commission (UKGC) announced that they have signed a memorandum of understanding (MoU) to share both regulatory and compliance information between the agencies. This agreement has been reached to help the agencies better fight organized crime organizations. In… Read More
13th January 2020
The U.S. could face more legal challenges to proposed sanctions penalties after Exxon Mobil Corp.’s recent victory in a Texas federal court, white collar attorneys say. The Treasury’s Office of Foreign Assets Control (OFAC) has been on a hot streak of sorts, hitting a six-year high in its number of… Read More