Under probe: The Marina Bay Sands hotel and resort in Singapore. Potential breaches of anti-money laundering procedures are being investigated at the casino. — AFP
SINGAPORE: Las Vegas Sands Corp set up a special committee to look into potential breaches of anti-money laundering procedures at its Singapore casino, which has already been the target of probes by US officials and local police.
The committee of three independent board members is reviewing money transfers among high-rollers and third parties at Marina Bay Sands, as well as any possible retaliation against whistle blowers, according to people familiar with the matter. US law firm Vinson & Elkins LLP has been hired to assist with the review, according to the people, who asked not to be identified because of the confidentiality involved.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
