Money Laundering

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

Vanja Mitic
Latest Casino and Gambling News, Poker Law, U.S.A., World Casino News, North America Casino News, California, Money Laundering, Illegal Bookmaking, Poker, Sports betting, Crime, Fines, Lawsuits & Litigation
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

Vanja Mitic
Cryptocurrency, Latest Casino and Gambling News, Unsavory reports, Gaming Industry News, Technology, Mobile gaming, Money Laundering, Online Gambling News, Asian Casino News, Crime
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

Johnny K.
North Korea, Cryptocurrency, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Online gambling regulation, Gaming Industry News, Technology, Money Laundering, Unlicensed Operation, Asian Casino News, Crime
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

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, China, World Casino News, Gaming Industry News, Mobile gaming, Money Laundering, Economy/Finance, 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...

Singapore Charges Bankers in Major Money-Laundering Case

Vanja Mitic
Gaming Law & Legislation, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Money Laundering, Asian Casino News, Online Gambling News, Crime, Fines, Lawsuits & Litigation, Singapore
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

Vanja Mitic
Gaming Law & Legislation, U.S.A., Latest Casino and Gambling News, World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Money Laundering, Economy/Finance, Illegal Bookmaking, Crime, Fines, Lawsuits & Litigation, Nevada
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

Johnny K.
Latest Casino and Gambling News, World Casino News, China, Hong Kong, Money Laundering, Illegal Bookmaking, Asian Casino News, Macau, Sports betting, Online Gambling News, Crime
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

Johnny K.
Australia, Casino News, Latest Casino and Gambling News, World Casino News, New Zealand, Gaming Industry News, Money Laundering, Economy/Finance, Oceania Casino News, Crime, Financial Press Releases
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 ...

Singapore Warns of Medium-High Risk for Environmental Crime Money Laundering in Casino Industry

Vanja Mitic
Gaming Law & Legislation, Latest Casino and Gambling News, Online gambling regulation, Unsavory reports, Gaming Industry News, Money Laundering, Asian Casino News, Online Gambling News, Crime, Singapore
A newly released report from multiple Singapore agencies has drawn attention to the casino industry as one of the sectors at medium-high risk for potential exploitation in environmental crime money laundering. ...