Money Laundering

Number of Suspicious Transaction Records in Macau Breaks the Records

Vanja Mitic
Latest Casino and Gambling News, Online gambling regulation, Casino reviews from Macau, Gaming Industry News, Mobile gaming, Money Laundering, Economy/Finance, Macau, Online Gambling News, Financial Press Releases
The illegal transactions in the Macau casino industry are thriving, and the data that the Macau’s Financial Intelligence Office is concerning. The body released the data from 2023, and the suspicious transactio...

Gamesys Operations Ltd. Receives a Sanction Fee From UK Regulator

Marija Malenovic
Latest Casino and Gambling News, Casino News, Gaming Law & Legislation, World Casino News, Online gambling regulation, Gaming Industry News, Money Laundering, European Casino News, Online Gambling News, Crime, Fines, Lawsuits & Litigation, United Kingdom
Gamesys Operations Limited, which manages 16 online gambling websites involving doublebubblebingo.com, ballycasino.co.uk, megawayscasino.com and jackpotjoy.com, must pay a fine of £6 million to the UK Gambling ...

Authorities Arrest New Suspects in High-Profile Criminal Case Mahadev Book

Vanja Mitic
Dubai, Online gaming software, Latest Casino and Gambling News, Gaming Law & Legislation, Unsavory reports, Online gambling regulation, Gaming Industry News, Mobile gaming, India, Money Laundering, Online Gambling News, Sports betting, Crime, Financial Fraud, Fines, Lawsuits & Litigation
Progress has been made in the high-profile criminal case that is currently under investigation in India. The case is related to an illegal betting app that was launched in the country recently. The big case: ...

New Regulations in Australia, Setting Loss Limits for Time and Money Required in Crown Melbourne

Vanja Mitic
Poker Law, Australia, Online gaming software, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Mobile gaming, Money Laundering, Online Gambling News
Australia continues with the gambling reforms and taking the safety and security of the players to the next level. The newest changes are related to gaming machines at Melbourne’s Crown Casino. All players will...

NSW Regulator Imposes Six-Month Deadline to Star Sydney to Regain Casino License

Radosav Milutinovic
Australia, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Gaming Industry News, Money Laundering, Economy/Finance, Oceania Casino News, Fines, Lawsuits & Litigation
The NSW Independent Casino Commission (NICC) imposed a new six-month deadline to the Australian casino giant Star Entertainment to regain the gambling license for its gaming operations in Sydney. Otherwise, the...

Philippine Presidential Office Requests Regulatory Action To Improve The Country’s Image

Radosav Milutinovic
Gaming Law & Legislation, Casino Destinations, Latest Casino and Gambling News, Casinos of the Philippines, Gaming Industry News, Money Laundering, Asian Casino News, Online Gambling News, Philippines
After a series of cases affecting the reputation of the Philippine gambling stakeholders, the country's Presidential Office has made a move to improve the image of the national industry. As reported by Asian Ga...

Kangwon Land Inc. Receives Fine Of US$2.39 Million For 182 AML Violations

Marija Malenovic
Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, World Casino News, Gaming Industry News, Money Laundering, Asian Casino News, Crime, Fines, Lawsuits & Litigation, South Korea
Kangwon Land Inc., the company behind the Kangwon Land Casino, the single resort venue in South Korea where is possible for local citizens to enter and gamble, has been imposed an overall fine of KRW3.23 billio...

Macau’s Court of Second Instance Releases Alvin Chau Of Fraud; Orders Him To Pay Nearly US$3.2bln In Compensation

Marija Malenovic
Latest Casino and Gambling News, Casino News, Gaming Law & Legislation, Casino Destinations, Casino Cheating, Casino reviews from Macau, World Casino News, Gaming Industry News, Casino moguls, Money Laundering, Macau, Asian Casino News, Tax Evasion, Conspiracy, Crime, Financial Fraud, Fines, Lawsuits & Litigation
The Macau’s Court of Second Instance has officially absolved previous Suncity boss, Alvin Chau, and 6 other suspects in the fraud case, which involves finished and attempted crimes. Risen compensation: Ho...

Singapore Police Seized $1.8 Billion in the Anti-Money Laundering Blitz

Radosav Milutinovic
Turkey, Casino Destinations, Cambodia, Latest Casino and Gambling News, China, World Casino News, Gaming Industry News, Cyprus, Money Laundering, Economy/Finance, Online Gambling News, Dominican Republic, Crime, Philippines, Singapore, Switzerland
The biggest anti-money laundering case in Singapore has resulted in the seizure of assets worth almost S$2.4 billion ($1.76 billion) following the simultaneous raid of 400 police officers in the city that broug...

Lindar Media Limited To Pay £690,947 Fine For AML and Problem Gambling Non-Compliance

Radosav Milutinovic
Gaming Law & Legislation, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Money Laundering, European Casino News, Licenses, Online Gambling News, Fines, Lawsuits & Litigation, United Kingdom
UK casino operator Lindar Media Limited is obliged to pay a £690,947 fine for the alleged breach of the socially responsible operating practices and the failures to comply with the anti-money laundering procedu...

Macau Banks Banned From Doing Business With Foreign Gaming Operators, AMCM’s Updated Industry Guidance Says

Marija Malenovic
Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Casino Destinations, Casino reviews from Macau, World Casino News, Gaming Industry News, Money Laundering, Economy/Finance, Asian Casino News, Macau, Crime
As reported by Asia Gaming Brief, the Monetary Authority of Macao (AMCM), Macau's financial regulatory body, released "updated industry guidance on Anti-Money Laundering/Combating the Financing of Terrorism (AM...
gaming license

In Touch Gaming’s License Suspended by UK Gambling Commission and Betting and Gaming Council

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Unsavory reports, Online gambling regulation, Gaming Industry News, Money Laundering, Licenses, Online Gambling News, Crime, Licensing, Fines, Lawsuits & Litigation, United Kingdom
In Touch Games, Limited has its license to operate in Great Britain suspended. The UK Gambling Commission sees the online gambling business as unsuitable to hold the license after the review. The Gambling Act 2...

95 Jobs Cut As Crown Sydney Shuts Down One Of Its Two Gaming Floors

Marija Malenovic
Australia, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Casino closures, Gaming Industry News, Casino moguls, Money Laundering, Licenses, Oceania Casino News, Crime, Labor Relations, Licensing
Crown Sydney, which is owned by Crown Resorts, has shut down one of its two gaming spaces and cut 95 jobs only a year following its opening. The only VIP casino for global gambling high-rollers: The casin...

OKBet Unexpectedly Halts Operations; Shuts Down Every VIP Room In Philippines

Marija Malenovic
Casino Destinations, Casino News, Latest Casino and Gambling News, World Casino News, Casino closures, Gaming Industry News, Casinos of the Philippines, Hong Kong, Money Laundering, Online Gambling News, Asian Casino News, Crime, Philippines, Singapore
OKBet Infinity Inc, a flagship online gaming and junket operator, has halted its operations along and shut down its VIP rooms in the Philippines without prior notice. Decision made by the Board of Directors:...

Hong Kong’s Billionaire Cheng Family Takes Over the Hoiana Casino Resort in Vietnam

Radosav Milutinovic
Casino News, Casino Destinations, Latest Casino and Gambling News, World Casino News, New Hotels, Casino reviews from Macau, Casino project updates, Gaming Industry News, Hong Kong, Money Laundering, Casino moguls, Asian Casino News, Online Gambling News, Macau, Mergers, Acquisitions & Partnerships, Crime, Fines, Lawsuits & Litigation, Vietnam
After the imprisonment of the Suncity Group CEO Alvin Chau, the control of the Hoiana casino resort in Vietnam has been taken over from the former listed Chau's company by Hong Kong’s billionaire Cheng family, ...