Posted on: December 11, 2023, 05:09h.
Last updated on: December 11, 2023, 05:10h.
Resorts World Sentosa in Singapore faces a hefty S$2.25 million (US$1.67 million) fine due to regulatory shortcomings regarding their anti-money laundering processes.
The regulatory body responsible, the Singapore Gambling Regulatory Authority (GRA), declared that the casino has been penalized due to its failure to conduct customer due diligence checks on gaming activities by patrons.
A recent report that the casino failed to adhere to anti-money laundering and terrorism financing protocols led to the facility being fined S$2.25 million.
Listeners will get more information and details on our next updates.