Financial Fraud

China and Macau Intensify Crackdown on Illicit Foreign Exchange Syndicates

Johnny K.
Gaming Law & Legislation, Latest Casino and Gambling News, China, World Casino News, Gaming Industry News, Money Laundering, Unlicensed Operation, Asian Casino News, Macau, Crime, Financial Fraud
Mainland China and Macau have joined forces to crack down on illegal foreign exchange operations and related crimes, dismantling 263 syndicates and identifying illicit funds exceeding RMB800 billion (approximat...

Star Entertainment Given Two Weeks to Respond to Show Cause Notice Issued by NICC

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Australia, Unsavory reports, Gaming Industry News, Economy/Finance, Unlicensed Operation, Fines, Lawsuits & Litigation, Financial Fraud
The Star Entertainment Group has received a stern "show cause" notice from the New South Wales (NSW) Independent CasiSno Commission (NICC), compelling the casino operator to justify its fitness to maintain its ...

Mainland China and Macau Crack Down on $421 Million Illegal Currency Exchange Operations

Vanja Mitic
Gaming Law & Legislation, Latest Casino and Gambling News, China, World Casino News, Gaming Industry News, Money Laundering, Economy/Finance, Mobile gaming, Online Gambling News, Macau, Asian Casino News, Mergers, Acquisitions & Partnerships, Crime, Financial Fraud
Chinese authorities, in collaboration with Macau’s enforcement agencies, have successfully dismantled major illegal currency exchange operations that had been operating in and around Macau casinos. The coordina...

Philippines Court Freezes Assets of Suspended Mayor Alice Guo Linked to Illegal POGO Activities

Vanja Mitic
Gaming Law & Legislation, Online gaming software, Latest Casino and Gambling News, Online gambling regulation, Unsavory reports, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Crime, Fines, Lawsuits & Litigation, Financial Fraud, Philippines
The Philippines’ Anti-Money Laundering Council (AMLC) has secured a freeze order from the Court of Appeals (CA) on the assets of suspended Mayor Alice Guo and other individuals allegedly linked to the illegal a...

Queensland Supreme Court Orders Marley Wynter to Pay $4.8 Million in Poker Ponzi Scheme Restitution

Vanja Mitic
Australia, Latest Casino and Gambling News, Unsavory reports, Gaming Industry News, Mobile gaming, Online Gambling News, Crime, Fines, Lawsuits & Litigation, Financial Fraud
In a significant legal development, the Supreme Court of Queensland has issued a default judgment compelling Marley Wynter, the founder of an alleged Ponzi scheme targeting Australian poker players, to pay a to...

The Star Sydney Faces Charges Over Alleged Forgery of Welfare Checks Amid Second Investigation Into License Suitability

Marija Malenovic
Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Australia, World Casino News, Gaming Industry News, Economy/Finance, Poker, Licenses, Oceania Casino News, Crime, Licensing, Fines, Lawsuits & Litigation, Financial Fraud
According to The Sydney Morning Herald, a special manager of The Star Sydney has reportedly claimed the casino forged welfare checks on pokie gamblers and inadvertently permitted clients to obtain $3.2m they di...