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24 Individuals Investigated for Unlicensed Foreign Currency Exchange and Remittance Activities at Casino

 


Seventeen men and seven women, aged 27 to 58, are under investigation for their alleged involvement in unlicensed foreign currency exchange and remittance activities within the Marina Bay Sands Casino premises. A multi-agency enforcement operation was carried out on September 5 and 6, 2024, led by the Central Police Division and supported by the Criminal Investigation Department, Commercial Affairs Department, and Marina Bay Sands officers.

Fourteen of the 24 individuals were arrested to aid in police investigations, and 13 will be charged in court on September 7, 2024. The suspects are believed to have provided unlicensed services such as foreign currency exchange, remittances, and buying or selling casino chips to patrons. Over SGD$190,000 in casino chips and cash, as well as various electronic devices, were seized during the operation.

If found guilty under the Payment Services Act 2019, the offenders could face a fine of up to $125,000, imprisonment of up to three years, or both. Violations under the Casino Control (Conduct of Gaming) Regulations 2009 could result in fines up to $10,000, imprisonment up to 12 months, or both.

Assistant Commissioner Ang Boon Sheng Jeremy, Commander of Central Police Division, commended the collaborative efforts of all agencies involved and reiterated the Police’s zero-tolerance stance against illegal activities in casino premises.

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Location: Singapore

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