Macau Junket Operators Pose Financial Crime Risks to Banks – How to Identify, Assess and Address Those Risks

Kenneth Pemberton, CAMS-FCI, AFI

This white paper explains the origin and development of the operation of junkets in Macau and reviews some of the adverse media concerning their activities. In addition, it identifies how casinos are used to launder money from crime and reviews the risks posed to banks that provide service to junket operators and individuals or entities closely associated with them.

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