According to the report, Resorts World Sentosa (RWS) was issued two breach notices both of which related to due diligence measures. The report explains that in the first case, RWS failed to perform customer due diligence measures in breach of Regulation 13(2) of the Casino Control (Prevention of Money Laundering and Terrorism Financing) Regulations 2009, and was fined SG$20,000 ($14,600/€13,249).
The second case was for a similar due diligence failure that breached Regulation 14(1A)(a) and (c). This saw the operator fined SG$75,000 ($54,800/€51,826).
The third regulation breach notice was issued to Ceylon Sports Club. The license holder was found to have breached Section 88(1)(a)(i) of
the Gambling Control Act 2022 (GCA). As a result of the breach, the GRA suspended the operator’s license for one month.
All three enforcement actions were the first carried out by the newly established regulator. No details of when the breaches took place were published in the report.
Singapore Gambling Authority Publishes Details of 2022/23 Enforcement Actions.
Ciaran has been working within the Gambling Industry as a deep analyst since 2019. His deep knowledge and understanding of all the gambling regulations, and processes makes him a true asset, and an always valuable point of view for Gambling Industry News, allowing us to cover every topics from a brand new perspective.