Article: Vegas Sands Probes Money-Laundering Safeguards at Singapore Unit

Article - Media, Publications

Vegas Sands Probes Money-Laundering Safeguards at Singapore Unit

Chanyaporn Chanjaroen,  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 U.S. 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. U.S. 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: Vegas Sands Probes Money-Laundering Safeguards at Singapore Unit”

Article: Goldman Sachs to pay $450,000 fine for illegal short-selling

Article - Media, Publications

Goldman Sachs to pay $450,000 fine for illegal short-selling

Mark Sands, 02 June 2010

NEW YORK – Goldman Sachs has been condemned by the Securities and Exchange Commission (SEC) and NYSE Regulation for failing to implement controls to comply with regulations against ‘naked’ short-selling between September 2008 and January 2009. Goldman was also fined over allegations that it took part in illegal naked shorting. Continue reading “Article: Goldman Sachs to pay $450,000 fine for illegal short-selling”