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FinCEN has many important responsibilities but one of its more interesting assignments is oversight of anti-money laundering compliance by casinos (and card clubs). Casinos are under increasing scrutiny these days for lax AML compliance. In March 2015, FinCEN imposed a $10 million penalty on Trump Taj Mahal in Atlantic...
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A new Royal Decree published at the end of April spells out the responsibility regulated gambling operators in Spain have for complying with money laundering laws. Before winnings in excess of €2,500 can be paid out, operators must confirm the player’s identity by checking copies of identity documents. DGOJ...
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Dressed in a grey hoodie and jeans, James, 24, looks like just another lost soul in the high street, shuttling between the six betting shops in an east coast seaside town. It’s a weekday morning and if you catch up with him inside a bookmaker, you’ll find him peering...
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Shops owned by one of Britain’s biggest high street bookmakers were used to launder almost a million pounds of money linked to drug dealing, the gambling regulator announced on Monday. In a rare admission that betting shops could be used to conceal the source of ill-gotten gains, the Gambling...