Money Laundering | World Casino News

FATF may blacklist Philippines if casinos are not covered by AMLA

October 4, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Money Laundering, Philippines

The Financial Action Task Force is considering blacklisting the Philippines if the government does not include casinos within the Anti-Money Laundering Act. Known as the AMLA, the Anti-Money Laundering Council ...

Las Vegas Sands Corp case against VIP Chinese gamblers reveals possible loopholes

Renee Kingsley

October 4, 2016

Latest Casino and Gambling News, Las Vegas, China, Money Laundering, Fines, Lawsuits & Litigation, Nevada

The Las Vegas Sands Corp is trying to recover $6.4 million in gambling debts from two VIP Chinese gamblers who blew millions in just a couple of days playing baccarat – a game that is very popular with Chinese ...

Wife of suspected casino money launderer fails to win back California house

Adam Morgan

September 17, 2016

Australia, Latest Casino and Gambling News, Money Laundering

The wife of a suspected Chinese-Australian money launderer who allegedly turned over more than $636 million at the Crown Casino And Entertainment Complex in Melbourne has failed in her bid to win back a luxury ...

Strong anti-money laundering message sent to casinos and financial institutions

Adam Morgan

September 15, 2016

Latest Casino and Gambling News, Money Laundering, Nevada

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Representatives from the United States Department Of Justice and the Financial Crimes Enforcement Network (FinCEN) used the recent National AML Conference in Nevada to deliver a strong message on money launderi...

Normandie Casino owners hit with more than million dollar fine for protecting higher roller customers

Renee Kingsley

September 1, 2016

Latest Casino and Gambling News, Casino Cheating, California, Money Laundering, Fines, Lawsuits & Litigation

Former operators of the Normandie Casino in Gardena, California have been hit with more than a million dollar penalty after the casino admitted to violating the Bank Secrecy Act in an attempt to protect its hig...

Bangladesh central bank withholding results of investigation into cyber theft

Adam Morgan

August 15, 2016

Latest Casino and Gambling News, Hacking, Money Laundering, Philippines

The central bank of Bangladesh has revealed that it is withholding the findings of an investigation into a February cyber theft that netted criminals around $81 million in order to avoid tipping off the “foreig...

Philippines Bank forced to pay largest fine in the country’s history for role in Bangladesh heist

Renee Kingsley

August 7, 2016

Latest Casino and Gambling News, Money Laundering, Fines, Lawsuits & Litigation, Philippines

Rizal Commercial Banking Corp (RCBC) in the Philippines made the news earlier this year for its role in the $81 million heist from Bangladesh’s central bank. The funds were hacked from the central bank’s accoun...

Argentina officials investigating alleged laundering of gaming proceeds

Adam Morgan

August 4, 2016

Argentina, Latest Casino and Gambling News, Money Laundering

In Argentina, the government is investigating allegations that the former governor of Buenos Aires Province laundered money generated by bingo halls and lotteries before using the proceeds to finance his unsucc...

Sands Chairman Sheldon Adelson cleared of Foreign-Money Allegations by FEC

Renee Kingsley

July 23, 2016

Latest Casino and Gambling News, Las Vegas, China, Money Laundering, Casino moguls, Macau, Racketeering, Bribery, Nevada

Las Vegas Sands Chairman and billionaire has been cleared of all foreign-money allegation charges by the Federal Election Commission (FEC) after their investigations found that there was ‘no reason to believe’ ...

Hawaiian Gardens Casino levied $2.8m fine by FinCEN for AML lapses

Sadonna Price

July 18, 2016

Latest Casino and Gambling News, California, Money Laundering, Fines, Lawsuits & Litigation

The United States Financial Crimes Enforcement Network announced this past Friday that they were able to reach an agreement with the owners of the Hawaiian Gardens Casino, a card club of California, for violati...

New Senate bill in the Philippines looks to crack down on money laundering in casinos

Renee Kingsley

July 8, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Money Laundering, Macau, Philippines

Legislators in the Philippines are looking to introduce a new bill aimed at imposing tighter regulations on money laundering activities in the country. The new bill targets the casino industry via the Anti-Mone...

Four charged in illegal online sportsbetting operation

Adam Morgan

July 4, 2016

Latest Casino and Gambling News, Online gambling regulation, Money Laundering, Illegal Bookmaking, Online Gambling News, New York

Authorities in New York have charged four men with running an illegal online sportsbetting operation that raked in at least $927 million in wagers last year from National Football League (NFL) games alone. I...

Betfred agrees settlement for anti-money laundering failures

Adam Morgan

June 15, 2016

Latest Casino and Gambling News, Money Laundering, Online Gambling News, Fines, Lawsuits & Litigation, United Kingdom

British bookmaker Betfred has reached a settlement with the Gambling Commission regulator that will see it pay a fine of over $1.15 million for failing to observe proper anti-money laundering procedures. War...

Probe into Bangladesh Bank heist ended by Senate

Kim M

May 23, 2016

Latest Casino and Gambling News, Hacking, Money Laundering, Fines, Lawsuits & Litigation, Financial Fraud, Philippines

The investigation into the theft and laundering of approximately $81 million from the bank account of the Bangladesh central bank at the Federal Reserve in New York was ended on Thursday by the Philippine Senat...

Normandie Casino license suspensions could mean end of California’s first card room

Sadonna Price

May 16, 2016

Latest Casino and Gambling News, Brick-n-Mortar Poker Rooms, California, Money Laundering

The oldest card club in the state of California may soon close its doors due to money-laundering convictions faced by the owners. Weeks ago, the California Gambling Control Commission revoked the licenses of th...

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FATF may blacklist Philippines if casinos are not covered by AMLA

Las Vegas Sands Corp case against VIP Chinese gamblers reveals possible loopholes

Wife of suspected casino money launderer fails to win back California house

Strong anti-money laundering message sent to casinos and financial institutions

Normandie Casino owners hit with more than million dollar fine for protecting higher roller customers

Bangladesh central bank withholding results of investigation into cyber theft

Philippines Bank forced to pay largest fine in the country’s history for role in Bangladesh heist

Argentina officials investigating alleged laundering of gaming proceeds

Sands Chairman Sheldon Adelson cleared of Foreign-Money Allegations by FEC

Hawaiian Gardens Casino levied $2.8m fine by FinCEN for AML lapses

New Senate bill in the Philippines looks to crack down on money laundering in casinos

Four charged in illegal online sportsbetting operation

Betfred agrees settlement for anti-money laundering failures

Probe into Bangladesh Bank heist ended by Senate

Normandie Casino license suspensions could mean end of California’s first card room

Irish Gambling Regulator Advocates Bank Gambling Block Measures

DraftKings Sued Over Account Closures and Withheld Funds

Costa Rica Poker Festival 2025 Announces $100K Main Event

Casbit Group Declared Bankrupt Over Player Debts

Betfred Faces Challenges as It Scales Back U.S. Operations, Exiting Multiple States