SINGAPORE — To reduce the risk of public officers incurring gambling debts, the Public Service Division (PSD) yesterday announced restrictions on officers visiting local casinos. Singapore has some of the world’s most restrictive laws when it comes to online casino gambling. The government has chosen not to license or regulate any sites, and in 2013 it announced that it would block the use of online casinos, online gambling advertisements and financial transactions related to gambling. Everyone knows casino odds are against the player, so you may be trying some tricks to win. Some, like mentally counting cards, are legal. However, some could get you arrested for offences under the Casino Control Act, Penal Code or Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act.
Casino Singapore Rules 2020
Singapore is considering tightening the due diligence process for customers at its casinos in an effort to prevent money laundering and financing terrorism, according to the Casino Regulatory Authority.
The regulator earlier asked casino operators to set a threshold for the amount of cash transactions that are subject to due diligence at S$5,000 ($3,588), a CRA spokesperson said in an emailed response to Bloomberg queries. Singapore’s current legislative thresholds at S$10,000 are higher than the global standard of $3,000 set by global anti-money-laundering watchdog Financial Action Task Force, according to the CRA.
“The Ministry of Home Affairs and CRA are reviewing the legislative thresholds in the Casino Control Act with a view to lowering these thresholds further to fully comply with the FATF Standards,” the CRA said.
The Financial Action Task Force said last year the city-state had inadequate customer due diligence requirements for entities such as casinos and real estate agents. It said “moderate shortcomings are still affecting” the two sectors, without citing any companies.
Singapore Casino Roulette Rules
By Chanyaporn Chanjaroen, Bloomberg, 7 June 2020
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