<div class=newsTextDataWrapInner><p>SINGAPORE (Dec 8): Genting Singapore’s wholly owned subsidiary Resorts World Sentosa (RWS) has been issued a penalty of S$2.25 million by Singapore’s gaming regulator, the Gambling Regulatory Authority (GRA), for its failure to perform customer due diligence measures.</p></div>

<div class=newsTextDataWrapInner><p>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, the company said.</p></div>

<div class=newsTextDataWrapInner><p>RWS had previously been penalised a total of S$95,000 by GRA between<a href="https://www.theedgesingapore.com/news/company-news/genting-singapores-rws-handed-225-mil-penalty-customer-due-diligence-breaches" target="_blank"><em>...(click on link for full story on theedgesingapore.com)&nbsp;</em></a></p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p><em>Read also:<br />
<a href="https://theedgemalaysia.com/node/693164" target="_blank">Genting’s Resorts World Sentosa revenue in Singapore will grow by 10% in 2024, says Fitch</a></em></p></div>


SINGAPORE (Dec 8): Genting Singapore’s wholly owned subsidiary Resorts World Sentosa (RWS) has been issued a penalty of S$2.25 million by Singapore’s gaming regulator, the Gambling Regulatory Authority (GRA), for its failure to perform customer due diligence measures.

Genting Singapore’s Resorts World Sentosa handed S$2.25 mil penalty for customer due diligence breaches

A volcano on the remote Indonesian island of Halmahera has spectacularly erupted, spewing a grey ash cloud into the sky, and people from seven nearby villages have been evacuated, authorities said on Sunday.

Eruption of Indonesia's Mt Ibu forces seven villages to evacuate

Asia Pacific Economic Cooperation (Apec) trade ministers said trade has been facing strong headwinds in recent times and reiterated their commitment to keeping markets open, removing unnecessary barriers to trade and strengthening trade and investment facilitation for all.

Apec trade ministers vow to keep markets open amid strong headwinds

Genting Singapore has confirmed its interest in developing an integrated resort (IR) development in the United Arab Emirates (UAE), as per its executive chairman Tan Sri Lim Kok Thay’s comments to shareholder queries at the gaming group’s annual general meeting (AGM) last Friday.

Genting Singapore keen on UAE casino resort development

Singapore’s government is closely tracking a new wave of Covid-19 infections in the island-nation after the estimated count of weekly cases nearly doubled in the week ended May 11.

Singapore monitoring new Covid wave as infections rise 

Inflation-related releases across the Group of Seven will prime central bankers for crucial June interest-rate decisions, just as they meet in Italy to discuss the state of the world economy.

Slowing inflation primes G7 central banks for June

China is prepared to take countermeasures against the European Union if it continues a series of anti-subsidy investigations into Chinese companies, according to a post on a state-media affiliated social media account.

China state media warns of retaliation on EU subsidy probes

Republican presidential candidate Donald Trump pledged to unravel gun regulations put in place by Democratic President Joe Biden during a lengthy speech to the National Rifle Association on Saturday, during which he accepted the influential group's endorsement.

Trump pledges to 'roll back' Biden gun rules, fire ATF chief at NRA rally

Israeli war cabinet minister Benny Gantz demanded on Saturday that Prime Minister Benjamin Netanyahu commit to an agreed vision for the Gaza conflict that would include stipulating who might rule the territory after the war with Hamas.

Israel's Gantz demands Gaza day-after plan by June 8, threatens to quit cabinet

OSK Property Holdings Bhd, the property arm of OSK Holdings Bhd (KL:OSK), has been focusing on expanding its land bank and has lined up projects to the tune of RM1.7 billion in gross development value for 2024.

Expanding OSK Property’s footprint

The thing with addiction is that you don’t know when it’s becoming a problem. You don’t really realise you have a problem or are in dire need of help. It’s very rare that people willingly seek support to overcome their addictions,” says Prof Dr Prem Kumar Shanmugam, founder and CEO of Solace Asia, Malaysia’s premier private rehabilitation centre.

Quantum of solace

<p>OSK Property Holdings Bhd, the property arm of OSK Holdings Bhd (KL:OSK), has been focusing on expanding its land bank and has lined up projects to the tune of RM1.7 billion in gross development value for 2024.</p>


<p>Singapore’s government is closely tracking a new wave of Covid-19 infections in the island-nation after the estimated count of weekly cases nearly doubled in the week ended May 11.</p>


<p>Liverpool's outgoing manager Jurgen Klopp has never been one for social media but he took the plunge on Saturday ahead of his final game in charge, instantly becoming an Instagram hit when he racked up a million followers.</p>


Klopp earns a million Instagram followers within hours

<p>The thing with addiction is that you don’t know when it’s becoming a problem. You don’t really realise you have a problem or are in dire need of help. It’s very rare that people willingly seek support to overcome their addictions,” says Prof Dr Prem Kumar Shanmugam, founder and CEO of Solace Asia, Malaysia’s premier private rehabilitation centre.</p>


<p>Republican presidential candidate Donald Trump pledged to unravel gun regulations put in place by Democratic President Joe Biden during a lengthy speech to the National Rifle Association on Saturday, during which he accepted the influential group's endorsement.</p>


<p>Israeli war cabinet minister Benny Gantz demanded on Saturday that Prime Minister Benjamin Netanyahu commit to an agreed vision for the Gaza conflict that would include stipulating who might rule the territory after the war with Hamas.</p>


<p>Inflation-related releases across the Group of Seven will prime central bankers for crucial June interest-rate decisions, just as they meet in Italy to discuss the state of the world economy.</p>


<p>China is prepared to take countermeasures against the European Union if it continues a series of anti-subsidy investigations into Chinese companies, according to a post on a state-media affiliated social media account.</p>


<p>A volcano on the remote Indonesian island of Halmahera has spectacularly erupted, spewing a grey ash cloud into the sky, and people from seven nearby villages have been evacuated, authorities said on Sunday.</p>


<p>Ukraine said Russian shelling targeted civilians in two cities in the northeastern region of Kharkiv on Saturday while President Volodymyr Zelenskiy reported successes by troops fighting a renewed Russian assault there.</p>


Ukraine says Russian shelling targets civilians in Kharkiv region

<p>Asia Pacific Economic Cooperation (Apec) trade ministers said trade has been facing strong headwinds in recent times and reiterated their commitment to keeping markets open, removing unnecessary barriers to trade and strengthening trade and investment facilitation for all.</p>


<p>After guiding Chelsea to the Women's Super League title for the seventh time, Emma Hayes is a woman with just one job.</p>
