Thursday, March 28, 2024

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Thailand’s Deputy Police Chief summonsed over money laundering charge linked to online gambling

Police in Thailand have summonsed deputy national police chief Pol Gen Surachate Hakparn to face a money-laundering charge in connection with alleged online gambling.

India’s ‘Lottery King’ emerges as nation’s top political donor amidst allegations of fraud and money laundering

Amidst accusations of fraud and money laundering by authorities, Santiago Martin, often dubbed India's "lottery king," has surfaced alongside his company as the foremost political donor in the nation.

Daily Asia Gaming eBrief: Mekong region hub for online gambling/money laundering

The proximity to China has caused the region around the Mekong River to become a hub for online gambling and money laundering activities, notes an analyst. The underground economy supporting such activities is comparable to the foreign direct investment in some countries, with the groups behind them shielding themselves from regulation by operating in militia-run or controlled areas.

Proximity to China turned Mekong River region into online gambling and money laundering hub: Analyst

The Mekong River region has turned into an online gambling and money laundering hub due to its proximity to China, says a top political analyst.

Daily Asia Gaming eBrief: Casinos, crypto supporting money laundering in Asia

Jeremy Douglas discussed the findings of a report regarding the pivotal role played by casinos, cryptocurrency, and VIP junkets in fostering underground banking and money laundering in East and Southeast Asia.

Casinos and junkets backbone of underground banking and money laundering in Asia – UN Rep

In a recent interview with AGB, Jeremy Douglas, Regional Representative at the United Nations Office on Drugs and Crime (UNODC) shed light on the significant findings of a report regarding the pivotal role played by casinos, cryptocurrency, and VIP junkets in fostering underground banking and crime in East and Southeast Asia.

Philippine Anti-Money Laundering Council says junket risk management underway, in effort to exit FATF greylist

In response to a statement from the Financial Action Task Force (FATF), the Philippines Anti-Money Laundering Council (AMLC) says that key government agencies have ‘rallied behind’ new directives, including implementing AML/CTF (anti money laundering, counter terrorism financing) controls ‘to manage risks linked with casino junkets’.

Defendant in multi-billion-dollar Singapore money laundering case denied bail

One of the defendants in the busted multi-billion-dollar money laundering ring in Singapore who is allegedly tied to the lottery business in the Philippines and Cambodia has been denied bail by Singapore courts, with the defense claiming the individual could abscond.

Singapore’s massive money laundering scandal leaves VIP market unscathed: Maybank

An analyst at Maybank states that there is no discernible impact on the VIP market after Singapore seized a massive money laundering case.

Former POGO operator believed to be linked to Singapore money laundering ring: report

The founder of illegal online gambling platform Hongli International – which operated in the Philippines and Cambodia is amongst individuals that escaped arrest in Singapore’s massive anti-money laundering operation last month.