CodeGen
http://admin.travelmole.com/images/stories/2009/images/casino(14).jpg

Published on Sunday, June 7, 2020

Marina Bay Sands casino under US money laundering investigation






Singapore's Marina Bay Sands casino is reportedly now subject to a money laundering probe by US investigators.


The US justice department has cause to investigate if laws were broken over how it handles the accounts of high rollers.


A Grand Jury subpoenaed a former MBS compliance offer for documents which could show 'money laundering facilitation.'


It seeks documents which could uncover violations relating to gambling junkets and third-party lending using casino credit.


The subpoena is also seeking information on at least one other former employee who handled fund transfers to high spending gamblers, according to people familiar with the matter.


The casino is currently subject to a multi-million dollar third-party lending lawsuit.


According to Bloomberg the subpoena is also probing any possible retaliation against whistle blowers.


Marina Bay Sands is one of the world's most profitable integrated casino resorts generating about a third of operating income for parent Las Vegas Sands.


MBS is also facing an investigation by Singapore's Casino Regulatory Authority into possible money transferring violations.


The regulator told Bloomberg it is 'committed to ensuring that the casinos in Singapore, including Marina Bay Sands, remain free from criminal influence or exploitation.'

Story Image



Your Comments

, be the first to post a comment.
Your email:






Email other comments made to this story


NOTE: Comments are subject to admin approval before being posted.
Mole Poll
Are you worried about redundancy ?
YES 52.46 %
NO 47.54 %

Thank you for your vote



What is GoodtoGo?

Submit your news
or special offer


Current UK Special Edition



Current US Special Edition



Current Asia/Pacific Special Edition



LATEST 'MOLE VIDEOS

Recovery Update: Cambodia, Vietnam, Myanmar, Laos, & China , with Mekong Tourism (Aug 5 )

James Thornton CEO of Intrepid Travel talks exclusively to TravelMole

Pure Michigan is prepared, protected and open for business - Next step International arrivals

Travel Industry Virtual Wellness Day Video

UPCOMING EVENTS
\m