SINGAPORE CASINO PROBED OVER LAUNDERING CONTROLS

On 4 June, BNN Bloomberg and others reported that the Singapore casino – Marina Bay Sands, one of the most profitable casinos in the world = of billionaire Sheldon Adelson’s Las Vegas Sands Corporations is being probed by the US DoJ over whether AML regulations were breached in the way it handled the accounts of top gamblers.  Prosecutors are said to have asked the former compliance head, as a person with knowledge of the casino’s operations, to produce records related to any such violations including through gambling junkets and third-party lending using casino credit.

https://www.bnnbloomberg.ca/adelson-s-singapore-casino-probed-over-laundering-controls-1.1445763

https://www.straitstimes.com/business/companies-markets/marina-bay-sands-casino-in-singapore-under-probe-over-money-laundering

 

 

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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