Tag Archives: money laundering
- Audit: BC casinos allow Chinese VIPs to ‘refine’ dirty money
October 16, 2017
British Columbia casinos are facing fresh allegations of enabling suspected money laundering by Chinese VIP gamblers. Last month, BC’s attorney general released a 2016 report that was buried by the province’s former Liberal government suggesting rampant money laundering at BC casinos, particularly the River Rock Casino Resort in suburban Vancouver....
- BC gov’t accused of burying casino money laundering report
September 22, 2017
British Columbia’s attorney general is slamming the province’s former government for burying a report into allegedly rampant money laundering at one of its land-based casinos. On Friday, Attorney General David Eby released a year-old report into allegations of money laundering at the River Rock Casino Resort in Richmond, a suburb...
- Macau, Hong Kong and Beijing to boost anti-money laundering fight
May 30, 2017
Monetary authorities in Macau, Hong Kong and Beijing are vowing to up their game in the fight against money laundering. On Friday, the Monetary Authority of Macau (AMCM) announced that it had met with its counterparts at the Hong Kong Monetary Authority (HKMA) as well as with representatives of the...
- Philippine AML rules remain sketchy despite 2016 heist, US says
March 8, 2017
Almost a year has passed since the news of the $81 million Bangladeshi bank heist broke out, and yet the Philippines has yet to make progress in its efforts to curb money laundering, the U.S. government said in a report. The 2017 edition of the International Narcotics Control Strategy Report...
- DOJ schools Saipan regulators on anti-money laundering rules
February 9, 2017
US Department of Justice officials are educating Saipan’s gaming regulators on anti-money laundering compliance just as the island’s lone casino is posting record VIP gambling turnover numbers. Saipan is part of the Northern Mariana Islands, a US Commonwealth, which gives the DOJ authority over its legal mechanisms. Monday saw the...
- Suspected money launderer gambled $855m at Crown Melbourne
September 16, 2016
Australian casino operator Crown Resorts is in the news this week following revelations that a Chinese high roller suspected of money laundering had turned over A$855m (US $640.7m) at Crown casinos. Chinese-Australian VIP Dan Bai Shun Jin is currently under investigation by the Australian Federal Police (AFP) and the US...
CrownBet launches new TV ad, but won’t mention betting
September 26, 2016