Tag / Financial Crime

Is money laundering rampant in the iGaming environment?

Not really. Read our article in InterGaming Law for a full discussion on the issue of whether money laundering is actually more prevalent with online gambling and if so, whether it makes a difference whether the sites are regulated or…

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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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Macau casino revenues drop again on continued financial crime woes

Macau Casino Revenues Drop by Christine Duhaime, BA, JD, Certified Financial Crime and Anti-Money Laundering Law Specialist Follow @cduhaime Casino revenues in Macau fell 3.6% in July for the second month in a row, the first such decrease in monthly…

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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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Las Vegas Sands personal information on gamblers taken in cyber-attack

By Christine Duhaime, B.A., J.D., Gaming Attorney & Certified Anti-Money Laundering Specialist Follow @cduhaime Casino Patron Data Allegedly Stolen in Cyber-Attack Several weeks after reporting that its websites were attacked by political hackers, the Las Vegas Sands Corp. reported that…

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Junket operators diversifying even more

Junkets diversifying their businesses into other areas

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