Las Vegas Sands probes potential money-laundering breaches at Singapore’s Marina Bay Sands casino
Bloomberg, 29 March 2021
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. Las Vegas Sands declined to comment. Continue reading “Article: Las Vegas Sands probes potential money-laundering breaches at Singapore’s Marina Bay Sands casino”
(Bloomberg) — Back in May 2016, Japanese mega-bank Nomura, announced that it had suffered its biggest-ever loss in history (of a rather tame by Western standards $40 million) from a single client, and which it then quickly blamed on an “incompetent” bond trader. Fast forward to today, when Nomura just suffered a far, far greater loss from a single client, this one is anything but boring.
Robert E. Litan Robert Litan is a Non-Resident Senior Fellow at the Brookings Institution, where he has previously been a Senior Fellow on staff, and Vice President and Director of Economic Studies. His current research focuses on federal regulation, entrepreneurship, and a broad range of economic policy subjects.
Noah R. Feldman (born May 22, 1970) is an American academic, author, columnist, public intellectual, and host of the podcast Deep Background. He is the Felix Frankfurter Professor of Law at Harvard Law School and chairman of the Society of Fellows at Harvard University. His work is devoted to constitutional law, with an emphasis on free speech, law & religion, and the history of constitutional ideas.
Carson Block (Block grew up in Summit, New Jersey, and holds a law degree from Chicago-Kent College of Law.
Joseph Nocera (born May 6, 1952) is an American business journalist and author. He writes about sports at The New York Times where he previously wrote about business and was a columnist for the newspaper’s Op-Ed page. Nocera is also a business commentator for NPR’s Weekend Edition and, as of January 2017, for Bloomberg View..
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