Asia
CNMI introduces bill to prevent casino frauds

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
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