Song Hong
SENIOR MEMBER
- Joined
- Jan 4, 2020
- Messages
- 5,058
- Reaction score
- -25
- Country
- Location
All casino operate on grey zone.
Singapore remain neutral in the current US hybrid war against China. US is probably trying to make Singapore fall in line?
https://www.straitstimes.com/busine...n-singapore-under-probe-over-money-laundering
The Singapore casino of billionaire Sheldon Adelson's Las Vegas Sands Corp is being probed by the US Department of Justice over whether anti-money laundering regulations were breached in the way it handled the accounts of top gamblers.
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.
Marina Bay Sands is one of the most profitable casinos in the world, accounting for more than a fifth of revenue and about a third of operating income at the US parent. Las Vegas Sands' Asian operations, which also include Macau, contributed about 85 per cent of the company's US$13.7 billion (S$19.1 billion) in revenue last year, and have helped make Adelson one of the richest men in the US
Singapore remain neutral in the current US hybrid war against China. US is probably trying to make Singapore fall in line?
https://www.straitstimes.com/busine...n-singapore-under-probe-over-money-laundering
The Singapore casino of billionaire Sheldon Adelson's Las Vegas Sands Corp is being probed by the US Department of Justice over whether anti-money laundering regulations were breached in the way it handled the accounts of top gamblers.
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.
Marina Bay Sands is one of the most profitable casinos in the world, accounting for more than a fifth of revenue and about a third of operating income at the US parent. Las Vegas Sands' Asian operations, which also include Macau, contributed about 85 per cent of the company's US$13.7 billion (S$19.1 billion) in revenue last year, and have helped make Adelson one of the richest men in the US
