Singapore – Sands to investigate VIP wire transfers at Marina Bay Sands

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Las Vegas Sands is forming a committee to investigate a possible violation of anti-money laundering standards. Happening at its Marina Bay Sands (MBS) Singapore property.

Sands will investigate money transfers among high rollers and third parties at its casino. This is after his ex-customer Wang Xi reported last year that Marina Bay Sands transferred US$6.8 million from his player account to other gamblers without his permission. The allegation prompted further investigation by the US Department of Justice and Singapore police.

Although such transfers are legal, the investigation revealed that some workers had corrupted the process to encourage gambling. Customers would sign a blank authorization form before filling in the sum of the transfer and other information for future wires.

To complete transfers, they used photocopies of the same document many times. Marina Bay Sands has since tightened security. It has also created a three-person committee to review transactions between high rollers and third parties.

Vinson & Elkins, a law firm in the United States, will assist with the investigation.

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Nassima Azmzm

Nassima Azmzm

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