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
Marina Bay Sands is under investigation by the US Department of Justice over concerns that anti-money laundering regulations may have been breached on
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
Douglas Wolfson, Director, Financial Crime Compliance, LexisNexis Risk Solutions. Casino managers have a growing array of technology tools at their
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
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
Imperial Pacific International said it “repudiates all allegations of wrongdoing” published in an investigative article by Bloomberg looking into
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...
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...
The Philippines has avoided further scorn from the Asia-Pacific Group on Money-Laundering following "significant compliance" in tightening their AML r
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
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
Securities and Exchange Commission chairperson Teresita Herbosa says the current P5 million (US$100,000) threshold for casinos should be lowered to co
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...
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...
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.
The introduction of new KYC measures in ATMs in Macau might have some effect on visitor behaviour, especially regarding spending in entertainment reso
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
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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