Money Laundering

UKGC Fines Fafabet Operator Over Unfair Terms and AML Breaches

Vanja Mitic
Online gaming software, Latest Casino and Gambling News, Gaming Law & Legislation, 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
Gaming Law & Legislation, Latest Casino and Gambling News, 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, Illegal Bookmaking, Poker, 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, Mobile gaming, Money Laundering, 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...

Nevada Gaming Commission Delays Decision on Nicole Bowyer’s Penalties

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Money Laundering, Employment & Careers, Illegal Bookmaking, Mergers, Acquisitions & Partnerships, Conspiracy, Crime, Nevada
The Nevada Gaming Commission is currently deliberating over the penalties to be imposed on Nicole Bowyer, the wife of an illegal bookmaker involved in a high-profile gambling scandal. The delay comes as the Com...

Vietnam Police Bust $1.2 Billion Money Laundering Operation

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Money Laundering, Economy/Finance, Mobile gaming, Online Gambling News, Crime, Fines, Lawsuits & Litigation, Vietnam
Vietnam's police have dismantled a massive international money laundering operation, arresting five individuals and seizing vast amounts of illicitly obtained funds. The operation, which ran from 2022 to 2024, ...

Former Bamban Mayor Alice Guo Charged with 62 Counts of Money Laundering Linked to POGO Scandal

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Money Laundering, Crime, Financial Fraud, Fines, Lawsuits & Litigation, Philippines
Former Bamban, Tarlac Mayor Alice Guo, alongside 31 co-defendants, now faces a total of 62 money laundering charges. The charges stem from their involvement in an illicit Philippine Offshore Gaming Operator (PO...

China Strengthens Cooperation with ASEAN to Combat Online Gambling and Telecom Fraud

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Unsavory reports, China, Online gambling regulation, Gaming Industry News, Mobile gaming, Money Laundering, Employment & Careers, Online Gambling News, Crime, Financial Fraud
In a strategic effort to address growing regional security concerns, China has pledged to deepen cooperation with the member states of the Association of Southeast Asian Nations (ASEAN) to combat the rise in on...