Money Laundering | World Casino News

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

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

Latest Casino and Gambling News, Argentina, 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...

AML laws of Philippines to be strengthened after $81M bank heist

Sadonna Price

May 12, 2016

Latest Casino and Gambling News, Money Laundering, Philippines

In February, hackers managed to steal $101 million from bank accounts in New York for account holders located in Bangladesh. $81 million of this amount was transferred to Manila, at a branch of the Rizal Commer...

Cash hacked from Bangladesh bank returned by junket operator

Kim M

May 5, 2016

Latest Casino and Gambling News, Money Laundering, Philippines

Chinese casino boss and junket operator in the Philippines, Kim Wong, has turned over $5 million, in what is believed to be stolen funds, to the Anti-Money Laundering Council. The money is the fourth and fin...

U.S. Attorney’s office indicts Pellegrini, former VP at Mohegan Sun Pocono

Lars Jones

April 20, 2016

Latest Casino and Gambling News, Money Laundering, Tax Evasion, Conspiracy, Financial Fraud, Pennsylvania

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An alleged love triangle drama gone bad with "crime never pays" subtitles has resulted in a 21 count federal indictment against the former vice-president of player development for Mohegan Sun Casino at Pocono D...

British Columbia government and new task force collaborate to stop money laundering in casinos

Renee Kingsley

April 12, 2016

Latest Casino and Gambling News, Canada, Casino Cheating, British Columbia, Money Laundering, Crime

Canada’s Civil Forfeiture Office (CFO) filed a lawsuit in January 2016 against two individuals who were suspected of money laundering in British Columbia casinos. The lawsuit highlighted the fact that money lau...

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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

AML laws of Philippines to be strengthened after $81M bank heist

Cash hacked from Bangladesh bank returned by junket operator

U.S. Attorney’s office indicts Pellegrini, former VP at Mohegan Sun Pocono

British Columbia government and new task force collaborate to stop money laundering in casinos

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