Jb casino junkets12/31/2023 These transfers are sometimes made through so-called junket operators, which provide transportation, hotels and credit to high rollers. Such transfers, when authorised, are legal and used by groups of gamblers to share winnings and losses at different foreign casinos. The Singapore regulator asked Marina Bay Sands to review its third-party transfer process, one of the people said. The US inquiry, which people familiar with the matter said is likely in its early stages, is also seeking to establish if there was any retaliation against whistle-blowers, according to the subpoena. Prosecutors asked the former compliance head, as a person with knowledge of the casino's operations, to produce records related to any such violations including through gambling junkets and third-party lending using casino credit, the document shows. The Justice Department in January issued a grand jury subpoena to a former compliance chief of Marina Bay Sands Pte, seeking an interview or documents on "money laundering facilitation" and any abuse of internal financial controls, according to a copy of the subpoena seen by Bloomberg News. SINGAPORE/NEW YORK (BLOOMBERG) -The Singapore casino of billionaire Sheldon Adelson's Las Vegas Sands Corp is being probed by the United States Department of Justice over whether anti-money laundering regulations were breached in the way it handled the accounts of top gamblers.
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