Following a money laundering scandal regarding casinos in British Columbia, the provinceās Attorney General David Eby announced that it became certain that proceeds of crime have been laundered through casinos for many years. This is the conclusion of a newly released report which makes 48 recommendations aimed at fighting financial […]
There has been a sharp decline in the suspicious transactions seen across British Columbia casinos, attorney general David Eby said Tuesday. It appears the anti-money laundering measures taken by the province in January already give results, as the potentially crime-related transactions have decreased from CA$20 million in July 2015 to […]
British Columbia attorney general David Eby will request from the federal government more tools in the fight against money laundering linked with casinos in the province. His recommendations will include information sharing by the Canadian anti-money laundering regulator FINTRAC and other measures that fall under Ottawa’s jurisdiction. In a statement, […]
European footballās governing association UEFA announced that it has entered a partnership with the association which promotes sports betting integrity, ESSA. The governing body will combat match-fixing by receiving information from ESSAās early alert platform which tracks unusual betting activity from various countries around the world. The new agreement will […]
An investigation conducted by the Canadian Postmedia Network revealed most of the high-value cheques the British Columbia Lottery Corporation (BCLC) issued to its VIP patrons in 2016 did not result from their gambling winnings. The local media company’s examination tackled the way cheques were disbursed from the non-cash gaming fund […]
The Stars Group, previously known as Amaya Gaming Group, is one of the largest online gambling companies in the industry. The Toronto-based gambling operator made the headlines in the past couple of years as its founder and former Chief Executive, David Baazov, found himself at the centre of a massive […]
In a large report on Bloomberg Businessweek last week, the gambling regulatory body of the Northern Mariana Islands, the Commonwealth Casino Commission, was accused of relations to a local casino, of collusion, and corruption. The commissioners denied the allegations on Thursday, insisting that they were innocent and that Bloomberg should […]
Casinos are often used by criminals as a front for money laundering crime. All casinos are required to have an appropriate system and to prevent money laundering and terrorist financing. Canadaās gambling industry grows, but money laundering and other corrupt activities have been the scourge that needs to be tackled […]
The Cagayan Economic Zone Authority (CEZA) in the Philippines is proposing a major expansion that includes a new casino complex and cryptocurrency zone, according to information presented by local media and cited by casino news outlet GGRAsia. The cryptocurrency zone is to include āblockchain center, cryptocurrency mining farm, fintech start-up […]
Earlier today, Postmedia News reported that British Columbia gaming regulator ordered the revocation of the registration of River Rock Casinoās director of VIP gambler relations Lisa Gao. The announcement came shortly after an investigation into allegations of āthird-party cash buy-insā found out that the casino employee has violated anti-money-laundering rules. […]
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