{"id":777018880,"date":"2024-09-09T09:36:16","date_gmt":"2024-09-09T12:36:16","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777018880"},"modified":"2026-04-22T06:20:35","modified_gmt":"2026-04-22T09:20:35","slug":"24-investigated-for-unlicensed-currency-exchange-at-marina-bay-sands","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/24-investigated-for-unlicensed-currency-exchange-at-marina-bay-sands","title":{"rendered":"24 investigated for unlicensed currency exchange at Marina Bay Sands"},"content":{"rendered":"\n<p>The Singapore Police Force has reported 14 arrests.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Singapore.- The Singapore Police Force is investigating 17 men and seven women, aged between 27 and 58 for their alleged involvement in unlicensed foreign exchange and money remittance activities at casino premises. Some 14 of them have been arrested and 13 were charged in court.<\/p>\n\n\n\n<p>In a press release, the Singapore Police Force said officers carried out a joint enforcement operation at Marina Bay Sands on September 5 and 6. The operation was led by the Central Police Division, with support from the Criminal Investigation Department, Commercial Affairs Department, and partners from the casino venue.<\/p>\n\n\n\n<p>Police seized over SG$190,000 (US$145,843) worth of casino chips and cash, as well as various electronic devices. Under Section 5 of the Payment Services Act 2019, a person who provides payment services without a licence can be fined up to S$500,000 and imprisoned for up to three years. Under Regulation 9 of the Casino Control (Conduct of Gaming) Regulations 2009, a person who uses chips for any purpose other than the playing of games or tips in casino premises can be fined up to SG$10,000 and imprisoned for up to 12 months.<\/p>\n\n\n\n<p><strong>See also: <\/strong><a href=\"https:\/\/focusgn.com\/asia-pacific\/singapore-16-arrested-for-alleged-illegal-online-gambling\" target=\"_blank\" rel=\"noreferrer noopener\">Singapore: 16 arrested for alleged illegal online gambling<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Singapore Police Force has reported 14 arrests.<\/p>\n","protected":false},"author":176,"featured_media":26852,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Singapore Police Force has arrested 14 individuals as part of an investigation into 24 people allegedly involved in unlicensed foreign exchange and money remittance activities within casino premises, specifically Marina Bay Sands. The operation, which seized over SG$190,000 in chips and cash, highlights stringent enforcement of the Payment Services Act 2019 and Casino Control (Conduct of Gaming) Regulations 2009 against illicit financial operations.","focusai_entities":"Singapore Police Force, Central Police Division, Criminal Investigation Department, Commercial Affairs Department, Marina Bay Sands","focusai_location":"Singapore","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (1.0), operator_casino (1.0), payments_fraud_aml (1.0), investor_analyst (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact on Casino Licensing?","query":"What are the potential implications for Marina Bay Sands' B2C licensing and operational governance frameworks following these arrests on its premises?"},{"label":"Regulatory Framework Efficacy?","query":"How does this enforcement action demonstrate the efficacy and potential gaps in Singapore's Payment Services Act 2019 and Casino Control Regulations 2009 regarding illicit financial flows?"}],"footnotes":""},"categories":[439,16333],"tags":[168],"class_list":["post-777018880","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legal-news","category-south-east-asia-news","tag-marina-bay-sands"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018880","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\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777018880"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018880\/revisions"}],"predecessor-version":[{"id":777018902,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018880\/revisions\/777018902"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26852"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777018880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777018880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777018880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}