Genting Singapore's RWS handed $2.25 mil penalty for customer due diligence breaches

Genting Singapore’s G13 wholly-owned subsidiary Resorts World Sentosa (RWS) has been issued a penalty of $2.25 million by Singapore’s gaming regulator, the Gambling Regulatory Authority (GRA), for its failure to perform customer due diligence measures.

The transactions for which there were lapses in customer due diligence measures occurred between December 2016 and December 2019. In these instances, there was no evidence of criminal offences nor money laundering, says the company.