Casinos are well known places for carrying out money laundering and major fraud because of the large sums of money involved in their operations.
In Singapore, with a major casinos set to open soon, a special body, the Casino Regulatory Authority, has been sent up to police the 2 casions to ensure no fraud and to ensure that the casinos are not linked to organised crime.
The Authority has recently announced some measures to stop fraud at the casino. These are -
a) the destruction of cards used in card games after their use in one game - to ensure that players do not mark the cards and thus cheat the casino or other players;
b) mechanical shuffling of cards - magicians are well known for sleight of hand tricks. In fact, anyone can master them with practice. To stop such moves, cards used in games like baccarat will be shuffled by machines, instead of manually; and
c) all jackpot payouts will be in the form of coupons and not coins or tokens. The coupons will be bought to the cashier for payment. This is probably to prevent one player from transferring large amounts of coins or tokens to another person for money laundering purposes. Depending on the information stated on the coupon, money laundering may be made much harder. However, from the customer experience point of view, there is nothing like the sound of thousands of coins falling into a winner's tray to create excitement. Maybe there should recorded sounds to simulate this.
In Singapore, with a major casinos set to open soon, a special body, the Casino Regulatory Authority, has been sent up to police the 2 casions to ensure no fraud and to ensure that the casinos are not linked to organised crime.
The Authority has recently announced some measures to stop fraud at the casino. These are -
a) the destruction of cards used in card games after their use in one game - to ensure that players do not mark the cards and thus cheat the casino or other players;
b) mechanical shuffling of cards - magicians are well known for sleight of hand tricks. In fact, anyone can master them with practice. To stop such moves, cards used in games like baccarat will be shuffled by machines, instead of manually; and
c) all jackpot payouts will be in the form of coupons and not coins or tokens. The coupons will be bought to the cashier for payment. This is probably to prevent one player from transferring large amounts of coins or tokens to another person for money laundering purposes. Depending on the information stated on the coupon, money laundering may be made much harder. However, from the customer experience point of view, there is nothing like the sound of thousands of coins falling into a winner's tray to create excitement. Maybe there should recorded sounds to simulate this.
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