The management at Marina Bay Sands (MBS) casino resort, has hired prominent Singapore law firm Davinder Singh Chambers, for a new probe into more than US$1 billion in gamblers’ money, allegedly transferred by resort employees without permission, to third parties, Bloomberg reported, citing undisclosed sources said to be familiar with the matter.
The parent of Marina Bay Sands Pte Ltd, is Las Vegas Sands Corp, which is also the parent of Macau casino operator Sands China Ltd.
At that time, Bloomberg said Marina Bay Sands was being investigated by the United States Department of Justice over compliance procedures in relation to the venue’s anti-money laundering (AML) controls. GGRAsia had also asked Las Vegas Sands about that, and it had declined to comment.
In its latest report, Bloomberg said that as part of the U.S. Justice Department look at the matter, the U.S. Attorney’s Office had in July interviewed a former compliance officer of Marina Bay Sands, in relation to two tranches of transfers – one involving a total of US$365 million, and another tranche involving US$763 million – regarding whether anti-money laundering procedures might have been breached in handling VIP players.
Read More – http://www.ggrasia.com/mbs-hires-law-firm-to-probe-us1bln-transfers-report/
