Saturday, September 19, 2020

Tag: Money Laundering

Philippine casinos set for more stringent anti-money laundering laws

Casino Review - Philippine laws money laundering
Money laundering in the Philippines will be the focus of a number of rigorous new laws dealing with land-based casinos.   Philippine lawmakers look set to introduce laws requiring land-based casinos to observe more stringent anti-money laundering rules. According to reports, the House of Representative of the Philippines is considering legislation that would require the nation’s land-based, shipboard, and online casinos to...

Manila MPs will debate including casinos in anti-money laundering law

Casino Review, Phillippines, Francis Escudero, laundering, AMLA, FATF, Ben Evardone,
In 2013, an international anti-money-laundering watchdog warned the Philippines that the country’s casinos were a gaping hole in its defences against people illegally moving money around its economy, but now the Government looks set to address the issue at the beginning of next year.   Senator Francis Escudero announced on 1 December that proposed amendments to the Philippines’ Anti-Money Laundering Act...

Crown records called upon for money-laundering case

Casino Review Crown
Australian authorities claim that Chinese VIP Dan Bai Shun Jin laundered hundreds of millions of dollars by way of Crown Resorts casinos.   Australian casino giant Crown Resorts has been inadvertently caught up in a money-laundering scandal, after an investigation into one of its high-rolling players revealed massive discrepancies in his accounts. Figures released by a Crown compliance manager indicate that Dan...

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