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Twitch money laundering scheme leads to politician calling for investigation

As part of the Twitch data breach, a prominent money laundering scheme on the platform has been exposed – with one Turkish politician calling for it to be investigated “immediately”. By Andy Brown, NME, 4 November 2021 Read more at NME RiskScreen: Eliminating Financial Crime with Smart Technology… Read More

Crown Melbourne to keep casino licence for now despite ‘disgraceful’ conduct

The final report by commissioner Ray Finkelstein recommended Crown Melbourne should be given a two-year grace period under the control of a “special manager” to correct an “alarming catalogue of wrongdoing”. The Victorian Royal Commission into the Casino Operator and Licence found evidence of links to criminal gangs and repeated… Read More

How Mexico’s Cartels Use Video Games to Recruit Children

By Cartel De Jalisco, InSight Crime, 15 October 2021 InSight Crime — Mexican criminal groups have hit on a new way to recruit vulnerable young people into their ranks: reaching out to them while they play video games. On October 11, authorities in the southern state of… Read More

11th October 2021

The fallen Star: Sydney’s cleanskin casino caught in ‘dirty’ company

Listed gaming giant Star Entertainment has been enabling suspected money laundering, organised crime, large-scale fraud and foreign interference within its Australian casinos for years, even though its board was warned its anti-money-laundering controls were failing. Between 2014 and 2021, Star cultivated high-roller gamblers who are allegedly associated with criminal or… Read More

13th September 2021

Former B.C. lottery director says he’s ‘whistleblower’ on money laundering at casinos

A former director of the British Columbia Lottery Corporation’s anti-money laundering office says he is the “whistleblower” that likely prompted the public inquiry examining how hundreds of millions of dollars in illegal cash flowed through the province’s casinos. Ross Alderson, who testified for more than four hours Thursday, said he… Read More

27th August 2021

Hong Kong police arrest 9 in crackdown on bookmaking, money-laundering syndicate that moved HK$30 million in 10 months

Hong Kong police have arrested nine people in a crackdown on a bookmaking and money-laundering syndicate that washed an estimated HK$30 million ($3.85 million) in criminal proceeds over a 10-month period. The five men and four women, arrested during a series of Thursday raids across the city, included three core… Read More

26th August 2021

Customs smashes Hong Kong money-laundering ring accused of smuggling HK$166 million over world’s longest sea crossing

Hong Kong customs officers have broken up a money-laundering ring accused of smuggling nearly HK$170 million (US$21.8 million) in criminal proceeds out of the city over three months via the world’s longest sea crossing, arresting five people in the first crackdown of its kind. Couriers were hired to take the… Read More

12th August 2021

Crown executive pushed to ‘name names’ on responsibility for money laundering account

Crown Australia’s chief financial officer says high-profile former executives such as Ken Barton and Barry Felsted shared the blame for not stamping out money laundering through a casino bank account used by overseas gamblers. Alan McGregor faced an intense round of questioning on day 26 of the Perth Casino Royal… Read More

11th August 2021

Chinese Broker Laundered Latin American Drug Money Around the World

By Katie Jones, InSight Crime, 10 August 2021 InSight Crime – A Chinese businessman laundered tens of millions of dollars in drug money through a Guatemalan casino, a US seafood export company, Miami banks, and Chinese bank accounts, in a case that reveals the wide reach of… Read More

11th August 2021

Crown account name made deliberately vague to ‘disguise’ deposits, former CFO says

Crown Perth adopted the name “Riverbank Investments” for its bank account so Asian high rollers could disguise funnelling cash into a casino, but that didn’t raise red flags for a top executive, the West Australian royal commission has been told. Former chief financial officer Ken Barton took the stand at… Read More

5th August 2021

Crown Perth credited brothel owner, gamblers despite it being illegal, Commission told

Crown Perth approved credit for both international and Australian gamblers, despite it being illegal in Western Australia, the Perth Casino Royal Commission has heard. And notorious brothel owner Simon Pan, who has also been investigated for human trafficking, was banned from Crown Melbourne in August 2019, yet was allowed to… Read More

2nd August 2021

India Said to Probe Binance in Betting App Laundering Probe

India’s anti-money laundering agency is examining if Binance Holdings Ltd. had a role to play in an ongoing investigation involving betting apps, according to people with knowledge of the matter. The Enforcement Directorate has summoned Binance executives for questioning and is awaiting a response, the people said, asking not… Read More

30th July 2021

Crown Perth directors deny knowledge of alleged multi-million-dollar money laundering account

Past and present directors of a key Crown Perth company say they were never told about the existence of a bank account allegedly used by international criminal syndicates to launder hundreds of millions of dollars. Yet the account was owned by a fully-owned subsidiary of their company, Riverbank Investments Pty Ltd, whose… Read More

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