Tag / Casino Resorts

Vietnam says Macau still money laundering capital for China

According to this article in the Saigon Times, casinos in Macau remain the primary source of money laudnering for wealthy people from Mainland China. It refers to a report by China’s national bank which estimates that in 2013, over $202…

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US casinos may have to confirm source of funds for high rollers

Vetting of High Rollers by Christine Duhaime, BA, JD, Certified Financial Crime and Anti-Money Laundering Law Specialist Follow @cduhaime According to Reuters, FinCEN is amending anti-money laundering (AML) policies to require that casinos ascertain so…

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Russia may be considering making Crimea “casino zone”

by Christine Duhaime, BA, JD, Certified Financial Crime and Anti-Money Laundering Law Specialist Follow @cduhaime Russian officials are apparently considering making Crimea a regulated gambling zone in order to generate investment in the area and boost…

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The “crack cocaine of gambling” – Recurring battle of using gambling to support horseracing in UK and Ontario

By Christine Duhaime, B.A., J.D., Gaming Attorney & Certified Anti-Money Laundering Specialist Follow @cduhaime Horseracing industry in U.K. in jeopardy if FOBTs cut The U.K. government is suggesting the elimination or restriction of Fixed Odds Betting Terminals (‘FOBT"), the so-called…

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