Without their permission, Singaporean casinos may now freely share customer data in order to stop money laundering and the funding of terrorism. The Casino Control Act of 2006 was modified by a new anti-money laundering bill that was passed on August 6.
Singapore has strengthened its anti-money laundering and counterterrorism financing regulations by passing new legislation on August 6. It functions, in part, by permitting the two casinos in the city to exchange customer information without the consent of the customers.
Singapore has strengthened its anti-money laundering and counterterrorism financing regulations by passing new legislation on August 6. It functions, in part, by permitting the two casinos in the city to exchange customer information without the consent of the customers.