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Genting Singapore could benefit from MBS investigation woes: Maybank

2020-06-07

A note issued by Maybank at the end of last week predicted that US Department of Justice and Casino Regulatory Authority investigation of Marina Bay S

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Marina Bay Sands under AML investigation

2020-06-05

Marina Bay Sands is under investigation by the US Department of Justice over concerns that anti-money laundering regulations may have been breached on

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AMLC exec director to address ASEAN Gaming Summit 2020

2019-12-17

The executive director of the Anti-Money Laundering Council in the Philippines, Atty. Mel Georgie B. Racela is the latest speaker to confirm their att

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New tech tools help reduce AML risk

2019-06-28

Douglas Wolfson, Director, Financial Crime Compliance, LexisNexis Risk Solutions. Casino managers have a growing array of technology tools at their

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Cambodia added to anti-money laundering watchlist

2019-02-25

Cambodia has become the latest country to find itself on the “grey list” of the Financial Action Task Force (FATF), with concerns the country is h

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Government proposes casino chip AML reporting requirements

2018-03-21

The Japanese government leaked to the media on Thursday that operators are likely to be required to report any casino chip-cash exchanges that exceed

IPI denies allegations

2018-02-19

Imperial Pacific International said it “repudiates all allegations of wrongdoing” published in an investigative article by Bloomberg looking into

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AML laws seen lacking teeth

2018-01-10

Casino operators in the Philippines have been attending workshops on how to comply with the country’s new anti-money laundering regulations, though some industry experts say the rules are still are not strong enough. The reporting thresholds are similar...

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Japan’s AML policies remain work in progress

2017-11-22

Money laundering comes a close second to gambling addiction when it comes to reasons for opposing casinos in Japan, with local media stoking fears that the country’s organized crime gangs plan on using IRs to legitimize the proceeds from crime. These...

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Philippines gets taken off APG radar

2017-08-09

The Philippines has avoided further scorn from the Asia-Pacific Group on Money-Laundering following "significant compliance" in tightening their AML r

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Macau vows to stay vigilant on AML

2017-07-23

Secretary for Economy and Finance Lionel Leong Vai Tac has vowed not to become complacent after being given a positive rating by the Asia Pacific Grou

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Macau receives positive rating from AML group

2017-07-19

Macau has been given a positive rating by the Asia Pacific Group on Money Laundering (APG) for its efforts in anti-money laundering, according to a st

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SEC exec pushes to lower AML threshold

2017-06-18

Securities and Exchange Commission chairperson Teresita Herbosa says the current P5 million (US$100,000) threshold for casinos should be lowered to co

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Nervous banks eye casino AML practices

2017-05-24

Asia’s casinos may face growing pressure from their banks as efforts to combat global money laundering increase, adding another level of scrutiny, compliance experts say. Operators in the major gaming jurisdictions in the region are already facing...

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U.K. VIP business struggles on stringent AML

2017-05-24

The UK’s gambling regulator has turned up the heat on casinos where money laundering is concerned, requiring rigorous background checks on wealthy international clients, including those from Mainland China, which is having an a detrimental effect on...

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New rules to trigger consolidation

2017-05-17

Cambodia’s long-awaited gambling legislation is likely to be published mid-year and could herald the start of a dramatic shake out of the country’s 65 casinos. Higher tax rates and investment levels may trigger consolidation. 

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New ATM rules could affect spending: Leong

2017-05-10

The introduction of new KYC measures in ATMs in Macau might have some effect on visitor behaviour, especially regarding spending in entertainment reso

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New ATM measures will take time: Bernstein

2017-05-07

The Macau government is planning to implement new security features at ATMs near casinos in the latest measure to clamp down on illegal cash flows out

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AML laws for sports betting, racing push up costs

2017-04-19

New laws widening the scope of current legislation on money laundering and the financing of terrorist activity are currently before the New Zealand Parliament and similar moves are expected in Australia. The expanded legislation will bring in sports betting...

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