Money Laundering

Curaçao Issues Licensee Registration Guidelines; Sets the 31 March 2024 Milestone to Enforce New Legislation

A set of guidelines recently issued by the Curaçao's Gaming Control Board requires applicants for gaming licenses to register by 31 March 2024 to align with both the current and the incoming legislation. After ...

AUSTRAC Opens Investigation Into Bet365 For Potential Breaches of AML/CTF Laws

The Australian Transaction Reports and Analysis Center (AUSTRAC), Australia’s anti-money laundering and counter-terrorism financing regulator, has started an inquiry into Bet365, an online gambling firm based i...

Sydney’s Star Casino To Undergo Second Investigation Into Its Suitability To Hold a Casino License

Star Sydney's appropriateness to own a casino license will return into focus following the announcement of the New South Wales Independent Commission (NICC) on February 19 that it'd launch a 2nd investigation f...

WA Authorities Busted Underground Gaming Houses in Perth to Seize Almost $190,000 in Cash

In 2023, Perth authorities carried out two major raids on underground gambling operations in suburban areas to seize almost $190,000 in cash, casino-style gaming chips, and playing cards. The organi...

Sky City Facing Up to AU$8Million Fine on Non-Compliance Allegations

Following the recent problem gambling and money laundering allegations that costed SkyCity Entertainment Group millions of dollars, a leading casino corporation in Oceania is facing legal consequences again. Th...

Svenska Spel Plans To Permanently Close Casino Cosmopol Venues In Gothenburg and Malmö

Svenska Spel plans to officially close the Casino Cosmopol facilities in Malmö and Gothenburg. The main reason for this decision is the limited profitability of the facilities, the firm revealed on January 24. ...

Money Launderers Are Utilizing Online Gambling Sites To Launder Illegal Money, FINTRAC Warns

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), Canada’s financial intelligence agency, has issued a warning that illegal money is being laundered via iGaming sites that offer many d...

Number of Suspicious Transaction Records in Macau Breaks the Records

The illegal transactions in the Macau casino industry are thriving, and the data that the Macau’s Financial Intelligence Office is concerning. The body released the data from 2023, and the suspicious transactio...

Gamesys Operations Ltd. Receives a Sanction Fee From UK Regulator

Gamesys Operations Limited, which manages 16 online gambling websites involving doublebubblebingo.com, ballycasino.co.uk, megawayscasino.com and jackpotjoy.com, must pay a fine of £6 million to the UK Gambling ...

Authorities Arrest New Suspects in High-Profile Criminal Case Mahadev Book

Progress has been made in the high-profile criminal case that is currently under investigation in India. The case is related to an illegal betting app that was launched in the country recently. The big case: ...

New Regulations in Australia, Setting Loss Limits for Time and Money Required in Crown Melbourne

Australia continues with the gambling reforms and taking the safety and security of the players to the next level. The newest changes are related to gaming machines at Melbourne’s Crown Casino. All players will...

NSW Regulator Imposes Six-Month Deadline to Star Sydney to Regain Casino License

The NSW Independent Casino Commission (NICC) imposed a new six-month deadline to the Australian casino giant Star Entertainment to regain the gambling license for its gaming operations in Sydney. Otherwise, the...

Philippine Presidential Office Requests Regulatory Action To Improve The Country’s Image

After a series of cases affecting the reputation of the Philippine gambling stakeholders, the country's Presidential Office has made a move to improve the image of the national industry. As reported by Asian Ga...

Kangwon Land Inc. Receives Fine Of US$2.39 Million For 182 AML Violations

Kangwon Land Inc., the company behind the Kangwon Land Casino, the single resort venue in South Korea where is possible for local citizens to enter and gamble, has been imposed an overall fine of KRW3.23 billio...