Regulators

Nevada Regulators Accuse Resorts World Las Vegas of Anti-Money Laundering Violations, Seek Multi-Million Dollar Fine

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Las Vegas, Nevada — Nevada’s gaming regulators have lodged a formidable 12-count disciplinary complaint against Resorts World Las Vegas and its parent company, Malaysia-based Genting Berhad, accusing them of multiple breaches of federal anti-money laundering regulations. Allegations suggest that Resorts World allowed notorious illegal bookmakers to wager large sums, running into millions, at their Las Vegas location over a period extending more than a year. The Gaming Control Board, which filed the 31-page complaint on Thursday, is pushing for a substantial, albeit undisclosed, multi-million dollar fine. Additionally, they’re calling for stringent actions against the gaming … Read more

The Growing Concern: Legal Experts, Regulators, and CEOs Sound the Alarm on AI’s Risks to Global Economy and Society

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San Francisco, California – The concerns around artificial intelligence (AI) have expanded beyond Silicon Valley and are now reaching the legal system, global business gatherings, and top Wall Street regulators. Recent reports have highlighted the potential risks and dangers associated with AI, raising alarm bells among various sectors. The Financial Industry Regulatory Authority (FINRA), a self-regulator of the securities industry, recently classified AI as an “emerging risk.” Additionally, the World Economic Forum (WEF) conducted a survey during its annual conference in Davos, Switzerland, revealing that AI-driven misinformation is the most significant near-term threat to the … Read more