No cases of casinos in Singapore directly complicit in money laundering: Report

Total gaming revenue for the two casinos here was around S$5.26 billion as at the end of 2023. - Photo: Pexels

SINGAPORE: Casinos everywhere tend to be awash with cash and so are prime venues for money laundering, but there is no evidence that the gambling facilities in Marina Bay Sands and Resorts World Sentosa have been involved in such activity.

The assessment in an updated report on money laundering risks noted that there have been only a few cases where criminal proceeds were converted into casino chips for self-laundering purposes.