Financial Accounting News

Adelson’s Singapore Casino Probed Over Laundering Controls (3)

June 5, 2020, 6:08 AM

The Singapore casino of billionaire Sheldon Adelson’s Las Vegas Sands Corp.is being probed by the U.S. Department of Justice over whether anti-money laundering regulations were breached in the way it handled the accounts of top gamblers.

The Justice Department in January issued a grand jury subpoena to a former compliance chief of Marina Bay Sands Pte, seeking an interview or documents on “money laundering facilitation” and any abuse of internal financial controls, according to a copy of the subpoena seen by Bloomberg News.

Prosecutors asked the former compliance head, as a person with knowledge of the casino’s operations,...

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