Spectrum Asia, a business intelligence and due diligence consultancy with representation in Japan, mainland China, Hong Kong, Thailand and Vietnam, is to offer a set of audit and investigation services to commercial casinos in the region, regarding anti-money laundering (AML) issues.
The offer is part of an initiative by Spectrum Asia’s parent Spectrum Gaming Group, which is based in New Jersey in the United States.
Although the group has been doing such work since its launch in 1993, the parent said in a statement on Tuesday that it was now “launching a set of AML services to address the growing legal and regulatory concerns over compliance regarding this critical issue”.
“American, EU [European Union] and other international law enforcement have made it known, in no uncertain terms, that casinos are going to have to increase their compliance and enforcement efforts in this area,” stated Spectrum Gaming.
The services it will offer to casinos cover: risk assessments; audits and reviews; compliance consulting; training programme design and delivery; and special investigations and due diligence.
In December 2014, the American Gaming Association (AGA) issued a set of guidelines on AML for its members, called ‘Best Practices for Anti-Money Laundering Compliance’.
Aug 09, 2022Starting from 1am on Tuesday (August 9), most travelling directly by air or sea to Macau from mainland China are required to take a nucleic acid test (NAT) upon arrival, plus another such test within...
Aug 09, 2022
”I believe it will take more than the offered concession term, 10 years, to see an appreciable increase in inflows of tourists [to Macau] from countries outside the existing tourist catchment areas”
Gaming and governance consultant at Newpage Consulting