Money Laundering

Ex-DPWH Engineers Under Fire for Casino Losses and Flood Project Irregularities; Philippine AMLC to Investigate

Vanja Mitic
Latest Casino and Gambling News, Casino News, Gaming Industry News, Money Laundering, Crime, Fines, Lawsuits & Litigation, Financial Fraud, Philippines
Philippine Senate President Pro Tempore Panfilo Lacson has laid out serious allegations against a group of former Department of Public Works and Highways (DPWH) engineers, whom he referred to as the “BGC Boys” ...

Billionaire Developer Sues Star Sydney for $37 Million Over Gambling Losses

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Australia, Casino News, Unsavory reports, China, Gaming Industry News, Economy/Finance, Money Laundering, The Players Lounge, Crime, Fines, Lawsuits & Litigation
A high-profile billionaire property developer from China has initiated legal action against Star Sydney, seeking A$57 million (approximately US$37 million) in compensation for his gambling losses. Phillip Dong ...

ED Probes MLA Veerendra’s Foreign Casino Connections

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, India, Money Laundering, Economy/Finance, Employment & Careers, Georgia-Eurasia, Crime, Nepal, Fines, Lawsuits & Litigation, Sri Lanka
The Indian Enforcement Directorate (ED) has intensified its investigation into Karnataka Congress MLA K.C. Veerendra, also known as ‘Puppy’, over alleged involvement in a large-scale money laundering and illega...

Feds Push for Reduced Sentence for Bookie Who Aided Ohtani Case

Johnny K.
Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Las Vegas, World Casino News, North America Casino News, Gaming Industry News, Money Laundering, Illegal Bookmaking, Sports betting, Crime, Financial Fraud, Nevada
Federal prosecutors are urging a California judge to impose a prison sentence far below federal guidelines for bookmaker Mathew Bowyer, whose gambling operation reached high-profile clients and drew scrutiny to...

Chinese Underground Banking Networks Fuel Global Criminal Finance

Vanja Mitic
Cryptocurrency, Online gaming software, Latest Casino and Gambling News, Gaming Law & Legislation, China, Gaming Industry News, Economy/Finance, Mobile gaming, Money Laundering, Online Gambling News, Crime, Financial Fraud
Chinese underground banking systems, known informally as “fei qian” or “flying money,” have become central to the operations of organized crime groups around the world. Functioning beyond the reach of regulated...

UKGC Fines Fafabet Operator Over Unfair Terms and AML Breaches

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Online gaming software, Online gambling regulation, Gaming Industry News, Mobile gaming, Money Laundering, Online Gambling News, Crime, Fines, Lawsuits & Litigation, United Kingdom
Taichi Tech Limited, the company operating under the Fafabet brand, has been fined £170,000 by the UK Gambling Commission following a series of regulatory breaches, including the use of misleading terms in its ...

AUSTRAC Flags AML Concerns at Two Northern Australian Casinos

Vanja Mitic
Australia, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Gaming Industry News, Money Laundering, Oceania Casino News, Crime, Fines, Lawsuits & Litigation
Australia’s financial intelligence agency AUSTRAC has directed two northern casinos—The Ville Resort-Casino in Townsville, Queensland, and Mindil Beach Casino Resort in Darwin, Northern Territory—to appoint ind...

Wynn Resorts Penalized $5.5M for Ties to Unlicensed Fund Transfers

Johnny K.
U.S.A., Las Vegas, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, North America Casino News, Gaming Industry News, Money Laundering, Crime, Fines, Lawsuits & Litigation, Nevada
Wynn Resorts Ltd. has been hit with a $5.5 million fine by the Nevada Gaming Commission (NGC) for its involvement in a scheme that leveraged unlicensed money transmitting businesses to attract high-stakes inter...

Spreadex Faces £2 Million Fine for Anti-Money Laundering and Social Responsibility Failures

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Mobile gaming, Money Laundering, Online Gambling News, Crime, Fines, Lawsuits & Litigation
Gambling operator Spreadex Limited has been fined £2,022,000 following a Britain's Gambling Commission investigation that uncovered significant shortcomings in its anti-money laundering (AML) and social respons...

New Jersey Councilman, Lucchese Crime Members Among 39 Charged in Gambling Ring

Johnny K.
U.S.A., Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, North America Casino News, Gaming Industry News, Money Laundering, Poker, Illegal Bookmaking, Unlicensed Operation, Sports betting, Tax Evasion, Crime, Fines, Lawsuits & Litigation, New Jersey
In one of the largest takedowns of its kind in recent years, New Jersey authorities have charged 39 individuals, including known associates of the Lucchese crime family and an elected borough councilman, in con...

Aspire Global Sanctioned Heavily for Compliance Violations

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Money Laundering, Mobile gaming, Online Gambling News, Fines, Lawsuits & Litigation, United Kingdom
Aspire Global, operating under AG Communications Limited, is confronting severe regulatory repercussions as they have been fined £1,407,834 after an investigation by the UK Gambling Commission uncovered profoun...