Archive

_2021-03-29
Las Vegas Sands has set up a special committee to review AML controls at its Marina Bay Sands casino in Singapore and has hired U.S. law firm Vinson & Elkins LLP to assist.

_2021-03-25
The Macau government needs to continue to strengthen interagency coordination to stop money laundering and in particular needs to encourage junket operators to improve their controls, the U.S. Department of State says.

_2021-02-22
Philippine Offshore Gaming Operators (POGOs) have been given one month to register for the electronic reporting system of the Anti Money Laundering Council (AMLC). 

_2021-01-29
The New South Wales Independent Liquor and Control Board said it will receive the results of an investigation into Crown Resorts suitability to hold a license in Sydney on Monday Feb. 1 and will make the report public within two weeks.

_2021-01-25
The Philippines says it’s now confident that it will avoid being placed on the Financial Action Task Force (FATF) gray list after the House of Representatives approved amendments to its anti money laundering bill.

_2021-01-25
The Philippine Congress has approved amendments to its Anti-Money Laundering legislation, which include bringing Philippine Offshore Gambling Operators (POGOs) and their service providers under the law. 

_2021-01-12
The number of suspicious transaction reports filed by Macau's gaming industry fell 36.4 percent in 2020 to 1,215, the Financial Intelligence Office said.

_2020-12-16
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_2020-12-11
Attorney Mel Racela, executive director of the Philippines Anti-Money Laundering Council, speaks with Asia Gaming Brief’s Sharon Singleton about the steps the Philippines is taking to guard against money laundering and the challenges posed by online...

_2020-09-25
Crown Resorts said it’s suspending junket operations until June of next year while it reviews its compliance and governance operations. 

_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

_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

_2019-06-28
Douglas Wolfson, Director, Financial Crime Compliance, LexisNexis Risk Solutions. Casino managers have a growing array of technology tools at their

_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

_2018-02-19
Imperial Pacific International said it “repudiates all allegations of wrongdoing” published in an investigative article by Bloomberg looking into

_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...

_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...

_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

_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