Asia

CNMI introduces bill to prevent casino frauds

Published

7 years ago

June 7, 2018

Niji Narayan

Photo credits: en.wikipedia.org

Reading Time: < 1 minute

CNMI, or Commonwealth of the Northern Mariana Island, a tiny principality part of the US commonwealth in the Pacific Ocean, has introduced a casino fraud bill. The CNMI government has declared that the bill was introduced to prevent any form of casino-related financial frauds.

Senate President Arnold I. Palacios introduced the bill numbered Senate Bill 20-98, or the “Prevention of Fraudulent Misuse of Financial Instruments in Casino Gaming and Other Transactions Act.” The bill will help to ensure that exclusive casino in Saipan, the principality’s capital, called Imperial Pacific Hotel & Resort, will be protected from fraudulent misuse of financial instruments.

Palacios said that the US casinos have had a long history of dealing with financial fraud, and that the Saipan casino could be vulnerable to a variety of fraudulent activities such as counterfeit money, fake credit cards and other illegalities.

According to the bill, the possibility of financial fraud in the Commonwealth has increased tenfold since the legalisation of casino gaming.

Source: AGB

Related Topics:

Up Next

Las Vegas Sands wants to open new casino in Brazil

Don't Miss

TCSJOHNHUXLEY ties up with Century Casinos for casino equipment supply

Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.