North Mariana Islands’ Casino Commission Seeks to prevent Inclusion in Asia’s Blacklist by Enhancing Regulatory Oversight

The Commonwealth Casino Commission (CCC) associated with Northern Mariana isles unveiled so it seeks to grow its monitoring that is regulatory and in order not to be included on the Chinese Government’s blacklist of overseas destinations that target potential casino patrons from mainland China.

In August 2020, China’s Ministry of Culture and Tourism announced the establishment of a blacklist for certain tourist that is overseas. By luring them into gambling under it, the country’s citizens would be restricted from going to certain cities or towns around the world that, accounting to the Government, could be taking advantage of them. At the time when the Ministry revealed it established the blacklist, it did not reveal the nations that are exact*) it provides. In January 2021, it issued another declaration in the matter, saying it plans to grow the blacklist. The news concerning the expansion that is blacklist to have been found concerning by the gambling regulatory body in

the Commonwealth of the Northern Mariana Islands, as the destination is clearly trying to avoid inclusion in the blacklist of Mainland China. Andrew Yeom, the director that is executive of Commonwealth Casino Commission, stated remaining from the blacklist is a matter of vital value for the territory also it could possibly be guaranteed by

adequate anti-money laundering and junket limitations and settings. Chinese Authorities worried about cash Laundering Violations and Cross-Border Money Transfers

As reported by the Saipan Tribune, Mr. Yeom told a House that is local Committee*)on a gambling hearing

that the territory’s authorities would enhance its anti-money laundering rules in order to make sure all regulations of the issue were cleared up.The Commonwealth Casino Commission’s executive director also provided more information about the potential impact on local casino operations

, including the struggling Imperial Pacific’s integrated resort based in Saipan. He suggested that the authorities in mainland China are mostly concerned about cross-border money transfers and money laundering violations. According to him, the establishment of strong regulatory powers to fight such activity that is illegal the best way to guarantee that the Northern Mariana Islands would never be contained in the Chinese Government’s blacklist. Mr. Yeom stated he previously currently consulted with a few other experts that are international the matter and the implementation of stricter measures should help them to continue the territory’s casino operation

. Tao Xing, the vice that is senior of advertising and Public Affairs at Imperial Pacific

, also confirmed that no blacklist was formally posted by the Chinese federal government and additional stated that the gambling business was monitoring the specific situation closely. In addition, he unveiled that Imperial Pacific intends to bring some noticeable modifications into its enterprize model from focusing on VIP customers to mass market and premium mass customers. According to him, such policy changes would also help the operator guarantee its place outside China’s blacklist.

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