The Philippine Senate is set to hold its final hearing on offshore gaming operators (POGOs) and alleged criminal activities. This pivotal hearing will focus on accusations of Chinese espionage, illegal gaming hubs, and massive money laundering schemes. With fresh revelations and legislative reforms on the table, the hearing could reshape policies governing offshore gaming in […]
Osaka Police Arrest Three in $35 Million Illegal Online Gambling Laundering Case Japan’s ongoing battle against illegal online gambling has intensified with the arrest of three individuals in Osaka. Authorities uncovered a sophisticated money laundering scheme linked to overseas online gambling platforms, exposing the depth of the issue in Japan’s tightly regulated gambling market. This […]
Swedish Trade Association for Online Gambling Strengthens Anti-Money Laundering Measures with Advisense Partnership The online gambling industry faces increasing scrutiny over money laundering and terrorist financing risks. In a bid to bolster industry safeguards, the Swedish Trade Association for Online Gambling (BOS) has partnered with leading compliance consulting firm Advisense. This collaboration aims to identify […]
Wynn Resorts Hit with $130 Million Settlement Over Money Laundering Allegations Wynn Resorts has found itself in hot water after a federal investigation revealed its involvement with unlicensed money transmitting businesses to circumvent financial regulations. Facing allegations of money laundering and misconduct, Wynn agreed to a staggering $130 million settlement, marking one of the largest […]
Suspended Mayor Alice Guo Faces 560-Year Sentence for 87 Money Laundering Charges in the Philippines Imagine facing a potential 560-year prison sentence—this is the reality for Alice Guo, the suspended mayor of Bamban, Tarlac. Accused of multiple counts of money laundering linked to offshore gaming operations, Guo’s legal troubles highlight the severe consequences of alleged […]
Montenegro to Reconsider Gambling Payment Restrictions Amid Industry Pushback Montenegro’s gambling industry faces a critical turning point! The government is set to reconsider its controversial ban on electronic payment methods for gambling. Discover how this reassessment could impact money laundering risks and operational efficiency. Stay informed on the latest developments and potential regulatory changes in […]
Tightening the Reins: Mr Green Faces Regulatory Action for AML Failures A Stern Regulatory Response Unfolds in Denmark—In a decisive move that underscores the stringent regulatory landscape of the Danish gambling market, Spillemyndigheden, the Danish Gambling Authority, has issued three critical orders against the online casino operator Mr Green. This action follows significant anti-money laundering […]
Tightening the Reins: Denmark’s Crackdown on AML Failures in Online Gambling The Danish Gambling Authority’s (DGA) recent action against SkillOnNet marks a pivotal moment in the regulatory oversight of online gambling. By issuing three injunctions and two indictments, the DGA sends a clear message: adherence to anti-money laundering (AML) procedures is not optional. This move […]
Cracking the Code: Singapore’s Landmark $2 Billion Money Laundering Conviction In a decisive strike against financial crime, Singapore has handed down a historic conviction in a staggering $2 billion gambling money laundering case, spotlighting the city-state’s unwavering commitment to financial integrity. The sentencing of Su Wenqiang, a 32-year-old Cambodian national, to 13 months in prison, […]
Safeguarding Integrity: Sweden’s Bold Stride in Gambling Regulation with Claes Norgren’s Leadership In a decisive move, Sweden’s gambling sector welcomes Claes Norgren as the new chairman of Spelinspektionen, setting the stage for a transformative era in regulatory oversight. With a storied career that includes leading the Swedish Financial Supervisory Authority and serving as deputy governor […]