Tag Archives: money laundering
- 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...
- PokerStars’ California card room partner fined $2.8m for money laundering lapses
July 15, 2016
Hawaiian Gardens Casino has become the third California card club to be hit with a seven-figure fine for anti-money laundering (AML) violations. On Friday, the US Financial Crimes Enforcement Network (FinCEN) announced that it had reached a $2.8m settlement with the Hawaiian Gardens’ owners for violating the Bank Secrecy Act...
- PHL Senate ends inquiry over Bangladeshi heist despite progress in investigation
May 20, 2016
The Philippine Senate’s investigation into the $81 million stolen from Bangladeshi central bank accounts and funneled through local casino operators came to an abrupt stop after two of the senators leading the inquiry lost their re-election campaigns. Lawmakers announced on Thursday that they wrapping up the inquiry despite the progress...
Okada Manila eyes Philippine backdoor listing
May 2, 2017