Featured Gambling

5 reasons money launderers won’t worry about EU crackdown

Brussels has set its sights on dirty money. The European Commission on Tuesday unveiled a massive package of anti-money laundering initiatives to drive dirty money out of the bloc after repeated failures in supervision. The crowning feature of the four-pronged package is a plan to introduce a new… Read More

Australia inquiry urged to strip Crown Resorts of licence for main casino

Australian casino operator Crown Resorts Ltd should be stripped of the gambling licence for its main Melbourne resort due to insufficient and uncertain efforts to reform its culture and stamp out money laundering, an inquiry heard on Tuesday. The lawyer running the inquiry also expressed “little confidence” in the former… Read More

China to explore cross-border payments in digital yuan

China’s central bank said on Friday it will explore cross-border payments in digital yuan, and is willing to discuss setting global standards for digital fiat currency to jointly develop the international monetary system. The People’s Bank of China (PBOC) will strengthen data security and personal information protection as it forges… Read More
7th July 2021
Victoria’s opposition will attempt to establish a fresh inquiry into the state’s embattled gaming regulator after new allegations the regulator failed to properly police criminal conduct at Crown casino. When Parliament returns next month, the opposition will call on the crossbench to support a parliamentary probe into regulatory issues left… Read More
2nd July 2021
Crown Resorts faces a fresh money laundering scandal stemming from its illegal practice of accepting credit card payments in exchange for gambling chips through the hotel desk at its Melbourne property. The casino giant’s chief financial crimes officer, Steven Blackburn, told Victoria’s royal commission into the company he expected a… Read More
28th June 2021
The Financial Action Task Force (FATF) on Friday added Malta, Haiti, South Sudan and the Philippines to its list of jurisdictions requiring increased monitoring for their shortcomings in meeting international standards on fighting money laundering and terrorist financing. As part of the designations, the jurisdictions agreed… Read More
28th June 2021
Hong Kong and mainland Chinese authorities have arrested 13 people for their alleged roles in the laundering of more than HK$53 million (US$6.8 million) in criminal proceeds by tricking jobseekers into handing over their personal information. City police seized the identity details of more than 100 residents, as well as… Read More
24th June 2021
Members of a global anti-money laundering watchdog have voted to add Malta to its grey list, in a decision that could have serious negative repercussions on the country’s economy. The Financial Action Task Force (FATF) plenary came to the decision shortly after 2.30pm on Wednesday afternoon. Although no official announcement… Read More
24th June 2021
The financial intelligence watchdog and big four banks will be probed under a new parliamentary inquiry designed to measure the efficiency and adequacy of the Australia’s anti-money laundering regime. The Senate approved a motion brought by Labor Senator Deborah O’Neill on Wednesday to launch a formal inquiry into the effectiveness… Read More
22nd June 2021
Maltese diplomats are engaged in last-minute arguments with counterparts to convince the Financial Action Task Force that it should not ignore the Council of Europe’s Moneyval assessment of the island’s anti-money laundering framework. The Maltese fear a grey-listing from FATF of its financial jurisdiction emanates from two action points out… Read More
22nd June 2021
A triad-controlled Hong Kong bookmaking syndicate that took in more than HK$3.4 billion (US$438 million) in illegal bets on horse racing and football matches in the first four months of this year was broken up in a series of raids on Sunday. Police on Monday revealed 18 people were… Read More
15th June 2021
New South Wales’ powerful club lobby is considering using the courts to force two journalists to hand over email communications they had with a poker machines whistleblower. ClubsNSW is also demanding that the whistleblower, Troy Stolz, set aside $150,000 from the sale of his house on the Central Coast to… Read More
15th June 2021
Betting firms won £1.3m in stolen money from a gambling addict without establishing where the funds came from, it has emerged, reigniting concern about whether firms do sufficient due diligence on punters who lose large sums. Andy May, 44, was sentenced at Norwich crown court on Monday to four years… Read More