Money Laundering

Philippines puts POGO pair on notice over anti-money laundering compliance

Adam Morgan
Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Money Laundering, Economy/Finance, Online Gambling News, Taxation, Crime, Philippines
In the Philippines and a pair of firms holding a Philippine Offshore Gaming Operator (POGO) license are reportedly in serious trouble after failing to adequately cooperate with official anti-money laundering co...

China reiterates nationwide cryptocurrency prohibition

Adam Morgan
Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, China, Gaming Industry News, Money Laundering, Economy/Finance, The Players Lounge, Online Gambling News, Crime, Financial Fraud
The central bank for China has reportedly issued an official statement in order to remind citizens that it remains illegal to conduct transactions using a digital currency or engage in any form of cryptocurrenc...

Gambling Commission regulator fines Lottoland.co.uk operator

Adam Morgan
Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Money Laundering, Economy/Finance, The Players Lounge, Online Gambling News, Crime, Fines, Lawsuits & Litigation, United Kingdom
In the United Kingdom and the Gambling Commission regulator has ordered online casino operator EU Lotto Limited to pay a fine of £760,000 ($1.04 million) for failings in its anti-money laundering and social res...

Swedish iGaming regulator issues updated anti-money laundering guidance

Adam Morgan
Sweden, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, Money Laundering, The Players Lounge, Licenses, Online Gambling News, Sports betting, Crime
In Sweden and the Spelinspektionen regulator has announced the release of new guidance that has been designed to help locally-licensed iGaming operators more effective counter money laundering and terrorist fin...

Daub Alderney Limited hit with £5.85 million Gambling Commission fine

Adam Morgan
Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Money Laundering, Economy/Finance, The Players Lounge, Online Gambling News, Mergers, Acquisitions & Partnerships, Licensing, Fines, Lawsuits & Litigation, United Kingdom
In the United Kingdom and the Gambling Commission regulator has ordered online casino operator Daub Alderney Limited to pay a £5.85 million ($8.06 million) fine for breaches of its social responsibility and ant...

Lady Luck Card Room owner agrees California plea deal

Adam Morgan
Latest Casino and Gambling News, Casino News, Gaming Law & Legislation, Brick-n-Mortar Poker Rooms, Casino closures, Gaming Industry News, California, Money Laundering, Illegal Bookmaking, Poker, Licenses, Sports betting, Crime, Racketeering, Fines, Lawsuits & Litigation
The Attorney General for the American state of California, Rob Bonta (pictured), has announced the signing of a settlement agreement regarding allegations that the owner of the now-shuttered Lucky Lady Card Roo...

Victoria to inaugurate new gaming watchdog featuring bespoke casino unit

Adam Morgan
Australia, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Money Laundering, Economy/Finance, Licenses, Crime, Fines, Lawsuits & Litigation
As part of its ongoing investigation into the license suitability of Crown Resorts Limited and the government for the southern Australian state of Victoria has reportedly announced that it is to establish a ded...

China records significant increase in prosecutions of gambling-related crimes

Adam Morgan
Gaming Law & Legislation, Latest Casino and Gambling News, China, Gaming Industry News, Money Laundering, Illegal Bookmaking, Unlicensed Operation, Online Gambling News, Sports betting, Crime, Financial Fraud
In China and the Supreme People’s Procuratorate has reportedly announced that it prosecuted 46,575 people over the course of the first six months of 2021 for gambling-related crimes. According to a report fr...

Malta facing Macolin Convention ratification pressure

Adam Morgan
Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Money Laundering, Economy/Finance, Sports betting, Online Gambling News, Taxation, Crime, Licensing, Malta
The government of Malta may reportedly soon give in to external pressure and ratify the Council of Europe’s anti-match-fixing Macolin Convention initiative despite a long-standing disagreement regarding what sh...