Money Laundering

Nevada Revokes Gaming License of Ex-MGM Executive Scott Sibella

Vanja Mitic
Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Money Laundering, Economy/Finance, Illegal Bookmaking, Employment & Careers, Crime, Fines, Lawsuits & Litigation, Nevada
In a rare move, the Nevada Gaming Commission revoked the gaming license of former MGM Grand and Resorts World Las Vegas executive Scott Sibella, concluding a highly publicized investigation into his role in com...

Government Shuts Down the Largest POGO Hub in Cavite

Johnny K.
Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Online gambling regulation, Gaming Industry News, Money Laundering, Illegal Bookmaking, Unlicensed Operation, Asian Casino News, Crime, Philippines
The Philippine government has officially shut down the largest Philippine Offshore Gaming Operator (POGO) facility in Kawit, Cavite. This move is part of the administration's sweeping effort to end all offshore...

China and Macau Intensify Crackdown on Illicit Foreign Exchange Syndicates

Johnny K.
Latest Casino and Gambling News, Gaming Law & Legislation, China, World Casino News, Gaming Industry News, Money Laundering, Unlicensed Operation, Macau, Asian Casino News, 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...

Philippines Targets Final Active POGOs for Shutdown

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Unsavory reports, Online gambling regulation, Casinos of the Philippines, Gaming Industry News, Money Laundering, Crime, Fines, Lawsuits & Litigation, Philippines
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

Vanja Mitic
Poker Law, U.S.A., Latest Casino and Gambling News, World Casino News, North America Casino News, California, Money Laundering, Poker, Illegal Bookmaking, 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, Technology, Gaming Industry News, 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, Money Laundering, Economy/Finance, Mobile gaming, Macau, Online Gambling News, 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, Online Gambling News, Asian Casino 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
Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., 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...