Money Laundering

Spreadex Faces £2 Million Fine for Anti-Money Laundering and Social Responsibility Failures

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, 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.
Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Money Laundering, Poker, Illegal Bookmaking, 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
Gaming Law & Legislation, Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Money Laundering, Mobile gaming, 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, Mobile gaming, Money Laundering, Economy/Finance, 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
Gaming Law & Legislation, Latest Casino and Gambling News, Gaming Industry News, Money Laundering, Crime, Fines, Lawsuits & Litigation, Financial Fraud, 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, Online gambling regulation, China, 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...

Nevada Revokes Gaming License of Ex-MGM Executive Scott Sibella

Vanja Mitic
Gaming Law & Legislation, Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Money Laundering, Employment & Careers, Illegal Bookmaking, Crime, Fines, Lawsuits & Litigation, Nevada
In a rare move, the Nevada Gaming Commission revoked the gaming license of former MGM Grand and Resorts World Las Vegas executive Scott Sibella, concluding a highly publicized investigation into his role in com...

Government Shuts Down the Largest POGO Hub in Cavite

Johnny K.
Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, World Casino News, Gaming Industry News, Money Laundering, Illegal Bookmaking, Unlicensed Operation, Asian Casino News, Crime, Philippines
The Philippine government has officially shut down the largest Philippine Offshore Gaming Operator (POGO) facility in Kawit, Cavite. This move is part of the administration's sweeping effort to end all offshore...

China and Macau Intensify Crackdown on Illicit Foreign Exchange Syndicates

Johnny K.
Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, China, Gaming Industry News, Money Laundering, Unlicensed Operation, Asian Casino News, Macau, Crime, Financial Fraud
Mainland China and Macau have joined forces to crack down on illegal foreign exchange operations and related crimes, dismantling 263 syndicates and identifying illicit funds exceeding RMB800 billion (approximat...

Philippines Targets Final Active POGOs for Shutdown

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Unsavory reports, Online gambling regulation, Casinos of the Philippines, Gaming Industry News, Money Laundering, Crime, Fines, Lawsuits & Litigation, Philippines
In a significant development, the Philippine government has announced stringent actions against Philippine Offshore Gaming Operators (POGOs), signaling a major policy shift aimed at curbing illegal activities a...