Money Laundering

Philippines Targets Final Active POGOs for Shutdown

In a significant development, the Philippine government has announced stringent actions against Philippine Offshore Gaming Operators (POGOs), signaling a major policy shift aimed at curbing illegal activities a...

Long Beach Poker Player Admits to Illegal Sports Betting and Money Laundering Charges

Damien LeForbes, a 43-year-old professional poker player from Long Beach, California, has entered a guilty plea to charges of money laundering and running an unauthorized sports betting operation. His plea was ...

UN Report Warns of Rising Cyber Fraud and Illicit Gambling in Southeast Asia

A recent report from the United Nations (U.N.) has raised alarm over the escalating involvement of transnational criminal organizations in Southeast Asia. These groups are capitalizing on underregulated casinos...

RUSI Report Calls for Stronger Crypto Regulation in Casino Sector

The Royal United Services Institute (RUSI), a leading defense and security think tank, has issued a pressing call for governments and regulators worldwide to forge stronger ties with cryptocurrency exchanges an...

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

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...

Singapore Charges Bankers in Major Money-Laundering Case

Singapore's legal system took a decisive step by formally charging two former bank relationship managers, marking a significant development in the country's largest-ever money-laundering scandal. This action re...

Nevada Regulators Pursue Resorts World on Laundering Charges

Nevada's gaming watchdog has lodged a formal complaint against Resorts World, accusing the establishment of fostering an environment conducive to money laundering linked to illicit bookmaking activities. This 3...

Police Crackdown on US$134 Million Illegal Bookmaking Syndicate in Guangdong, Hong Kong, and Macau

In a significant breakthrough, police forces from Guangdong, Hong Kong, and Macau have successfully dismantled an illegal bookmaking syndicate, leading to the arrest of 93 suspects. The Macau Judiciary Police r...

SkyCity Entertainment Group Halts Dividends, Lowers Earnings Forecast Amid Economic Struggles and Regulatory Challenges

SkyCity Entertainment Group, the prominent New Zealand-based operator of casinos in Adelaide, Auckland, and Queenstown, has announced the suspension of its dividends and revised its earnings forecasts downward ...