Money Laundering | World Casino News

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

July 23, 2016

Latest Casino and Gambling News, Las Vegas, China, Casino moguls, Money Laundering, 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...

PAGCOR defends gaming industry amidst money laundering incident

Sadonna Price

April 3, 2016

Latest Casino and Gambling News, Money Laundering, Philippines

Philippine Amusement and Gaming Corporation Head Cristino Naguiat Jr. recently spoke with reporters, defending the gambling industry, stating that casinos are not the easiest venue for criminals to launder fund...

Feds say Missouri drug suspect spent millions at an Oklahoma casino

Kim M

March 20, 2016

Latest Casino and Gambling News, Tribal Gaming, Money Laundering, Oklahoma

According to Federal prosecutors, more than $10 million was put into slot machines at a casino in Oklahoma by an individual they say is at the center of a large-scale southwest Missouri drug ring. Last month...

Feds say $2 million in Amazon gift cards laundered by 5Dimes sports book

Kim M

March 18, 2016

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

An application for a seizure warrant filed recently by a Department of Homeland Security investigator in the U.S. District Court in Philadelphia alleges Amazon gift cards were used by the operators of an offsho...

Chinese junket operator in Manila reportedly received $30 million from hacked bank account

Lars Jones

March 16, 2016

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

Details are beginning to emerge in one of the largest cyber bank heists in history with the governor of Bangladesh's central bank resigning along with two deputies being fired. $81 million was reportedly stole...

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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

PAGCOR defends gaming industry amidst money laundering incident

Feds say Missouri drug suspect spent millions at an Oklahoma casino

Feds say $2 million in Amazon gift cards laundered by 5Dimes sports book

Chinese junket operator in Manila reportedly received $30 million from hacked bank account

Print Studios’ Big Stack Lumberjack Slot Brings High-Stakes Woodcutting to Online Gaming

Jamul Casino Resort to Launch New Luxury Hotel Tower This Spring

Light & Wonder Hits $3.2B Revenue in 2024, Divests Live Dealer Games

Philippines Boosts AML Efforts Post-FATF Delisting, Eyes iGaming Risks

Kewadin Casinos to Reopen in Stages Following Cyberattack