Sheldon Adelson’s Singapore Casino Faces Money-laundering Probe

This article was published on: 06/5/20 11:09 AM

Sheldon Adelson

Sheldon Adelson’s Las Vegas Sands casino in Singapore 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.

According to the South China Morning Post, the  Justice Department in January issued a grand jury subpoena to a former compliance chief of Marina Bay Sands, seeking an interview or documents on “money laundering facilitation” and any abuse of internal financial controls, according to a copy of 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.

Read the full story in the South China Morning Post

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