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Singapore considers tightening casino rules for customers to curb money laundering, terror financing

SINGAPORE (BLOOMBERG) – 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 (CRA). The regulator earlier halved the legislative threshold for the amount of cash transactions at casinos that are subject regulatory review to $5,000, […]

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Cambodia: Boost urged for tourism

The Ministry of Tourism and Cambodia Association of Travel Agents (CATA), urged domestic tourists to travel within the country to boost and support the economic activities during the COVID-19 pandemic. The tourism sector has been severely affected by the pandemic. From January to April 2020, Cambodia welcomed around 1.16million international tourist arrivals, which fell 52 […]

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Revitalising Malaysia’s economy through tough times

KUALA LUMPUR (BERNAMA) – With jobs in the services and manufacturing sectors hanging by a thread due to an economic downturn, particularly in the second quarter, economic revitalisation is the pulse in rebuilding the Malaysian economy as the country fights COVID-19. From measures of easing the burden of taxes and providing job security, the National Economic Recovery […]

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