to prod MBS to enhance<\/a> its third-party money transfer guidelines.<\/p>\nDOJ Still Looking into Matter<\/h2>\n
Last June, DOJ launched a probe into anti-money laundering violations at MBS. At that time, it was reported that the department may be examining whether or not whistleblowers suffered duress for bringing light to the issue.<\/p>\n
Bloomberg <\/i>reports that an internal examination by LVS revealed MBS staff processed thousands of client transfers from 2010 to 2018. They were worth a combined $1.21 billion. The wires were legal, but employees supposedly took liberties to get clients to the venue to gamble, including filling in blank forms with banking details.<\/p>\n
Marina Bay Sands previously said it reduced third-party transfers, with that figure falling dramatically for the five years ending 2018. It also said that it bolstered security around those transactions.<\/strong><\/p>\nThe integrated resort is one of just two in Singapore, and one of the most profitable gaming venues in the world.<\/p>\n","protected":false},"excerpt":{"rendered":"
Las Vegas Sands (LVS) is reportedly forming a committee to examine possible breaches of anti-money laundering standards at its Marina Bay Sands (MBS) property in Singapore. Citing unidentified sources familiar with the matter, Bloomberg reports the Las Vegas-based gaming operator hired law firm Vinson Elkins to help with the review. The committee of three independent […]<\/p>\n","protected":false},"author":46,"featured_media":168878,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,60],"tags":[],"acf":[],"yoast_head":"\n
Sands Forming Committee to Examining Money Transfers at MBS<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n