{"id":16326,"date":"2021-03-29T14:45:09","date_gmt":"2021-03-29T14:45:09","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=16326"},"modified":"2026-04-23T20:47:43","modified_gmt":"2026-04-23T23:47:43","slug":"las-vegas-sands-committee-to-investigate-marina-bay","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/las-vegas-sands-committee-to-investigate-marina-bay","title":{"rendered":"Las Vegas Sands committee to investigate Marina Bay"},"content":{"rendered":"\n

The three-person committee will investigate allegations of high-roller money laundering at the Marina Bay Sands property. <\/p>\n\n\n\n\n\n\n\n

Singapore.- US-based operator Las Vegas Sands has set up a committee<\/strong> to investigate its Marina Bay Sands<\/strong> operation following allegations of breaches in anti-money laundering procedures<\/strong>.<\/p>\n\n\n\n

According to Bloomberg, the committee comprises three independent board members <\/strong>who will review money transfers between\u00a0high-rollers and third parties at the Singapore property as well as any retaliation against whistleblowers.<\/p>\n\n\n\n

North American\u00a0law firm Vinson & Elkins LLP has been hired<\/strong> to assist in the investigation into what it Sands’ second most profitable property after the\u00a0Venetian Macao.<\/p>\n\n\n\n

Meanwhile, authorities in Singapore are working to establish a new centralised authority <\/strong>to oversee the gaming industry by the end of this year.\u00a0It\u2019s expected that they could tighten rules for casinos<\/a><\/em><\/strong>.<\/p>\n\n\n\n

Money laundering accusations at Marina Bay Sands<\/h2>\n\n\n\n

The internal investigation has been launched after a former customer, Wang Xi<\/a><\/em>, complained that Marina Bay Sands had transferred S$9.1m (US$6.8m) from his casino account to other gamblers<\/strong> without notification.\u00a0<\/p>\n\n\n\n

While Wang’s case was resolved in June with no admission of liability by either party, the accusation drew attention to the property from both the US Department of Justice (DOJ) and Singapore authorities.<\/strong> The DOJ is undertaking its own investigation into the potential breach of money laundering policies at the property.<\/p>\n\n\n\n

Meanwhile, an internal probe has found that Wang’s case was not an isolated incident <\/strong>and that thousands of transfers totalling up to S$1.64bn were facilitated between gamblers by casino employees between 2010 and 2018.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The three-person committee will investigate allegations of high-roller money laundering at the Marina Bay Sands property.<\/p>\n","protected":false},"author":2,"featured_media":16335,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Las Vegas Sands has initiated an internal investigation into alleged AML breaches and high-roller money laundering at its Marina Bay Sands property in Singapore, following a former customer's complaint and subsequent findings of widespread unnotified transfers. This probe, assisted by Vinson & Elkins LLP, coincides with a US DOJ investigation and Singaporean authorities' plans to centralize gaming oversight and potentially tighten casino regulations.","focusai_entities":"Las Vegas Sands, Marina Bay Sands, Vinson & Elkins LLP, US Department of Justice (DOJ), Wang Xi","focusai_location":"Singapore, United States, Macao","focusai_target_profile":"ceo_executive (0.95), regulator (1.0), compliance_legal (1.0), operator_casino (0.9), payments_fraud_aml (1.0), investor_analyst (0.9), journalist_researcher (0.95)","focusai_suggestions":[{"label":"AML Governance Impact","query":"What specific enhancements to internal controls and governance frameworks will Las Vegas Sands implement to mitigate future AML compliance risks across its global portfolio?"},{"label":"Regulatory Tightening Outlook","query":"How might the proposed centralization of gaming oversight in Singapore and potential tightening of casino rules impact the operational landscape and licensing requirements for existing and prospective operators in the jurisdiction?"}],"footnotes":""},"categories":[162,156,16333],"tags":[229,23908,1642,168],"class_list":["post-16326","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-north-america","category-regulation-news","category-south-east-asia-news","tag-gambling","tag-gaming-regulation","tag-las-vegas-sands","tag-marina-bay-sands"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/16326","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=16326"}],"version-history":[{"count":7,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/16326\/revisions"}],"predecessor-version":[{"id":16342,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/16326\/revisions\/16342"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16335"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=16326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=16326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=16326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}