Case Studies in AML, Fraud & Crimes Against Casinos

Adjunct Professor Jennifer Roberts of the William S. Boyd School of Law, University of Nevada, Las Vegas presented a seminar entitled ‘Case Studies in AML, Fraud & Crimes Against Casinos’ on 14 May 2024. This seminar, which was moderated by Senior Lecturer Justin Jerzy Tan, was also attended by Dean Leah Chan Grinvald and students from  the William S. Boyd School of Law, University of Nevada, Las Vegas.

Professor Roberts began the seminar by defining anti-money laundering (AML) in the context of casinos. She then discussed the 3 stages of money laundering, namely the placement of money from illegal sources, the layering of money in financial institutions and other cash intensive businesses such as casinos, and integration through the purchase of legal items. She explained the AML measures of reporting currency transactions of a certain amount, actual and suspected crimes as well as suspicious activities to the government. Examples of criminal activities which have occurred include loan sharking and cash exchanges.

Surveillance was important to confirm happenings and AML reporting measures. It was also essential for the following functions: to detect cheating, monitor suspicious or unusual activities, detect employee theft, monitor for excluded players or trespassers, document evidence for litigation, assist with patron dispute investigation and monitor for underage individuals.

As casinos are increasingly becoming victims of fraud, preventive measures included following procedures, internal and compliance audits, cooperation with law enforcement, monitoring trends in other jurisdictions and gambling media.

The seminar ended with an engaging question and answer session.

EWBCLB Head of Tax, Senior Lecturer Justin Jerzy Tan, giving the opening speech

Adjunct Professor Jennifer Roberts presenting

Senior Lecturer Justin Jerzy Tan moderating an interactive Q&A