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’.
Jan 31, 2023A Tuesday Macau court session heard allegations of ‘proxy bets’ being facilitated overseas on behalf of customers of former casino junket brand Tak Chun Group, with bet settlement done via Macau,...
Jan 31, 2023
Total income for 2022 reported by the Philippine Amusement and Gaming Corp