As part of new efforts to combat money laundering and terrorism financing, the Gambling Regulatory Authority of Singapore has decided to lower the reporting threshold on casino cash transactions.
Cash deposits of US$3,000, which is much less than what is currently required in US casinos where transactions of US$10,000 or more will result in a currency transaction report, will be subject to due diligence checks.
Cash deposits of US$3,000, which is much less than what is currently required in US casinos where transactions of US$10,000 or more will result in a currency transaction report, will be subject to due diligence checks.
