According to Chinese law, each Chinese citizen can only transfer up to RMB50,000 abroad each year. S

On the eve of the 2012 Lunar New Year, Las Vegas casino developer and operator Wynn Resorts Ltd. raked in an estimated USD16 million from its gambling operations. car rental internet specials This set a record for the company s one-night car rental internet specials income from its casino business.
As U.S. casinos are continually being visited by more Chinese customers, the U.S. Treasury Department is continuing its investigation on gambling agents who conceal the identity of those customers exhibiting suspicious behavior. The investigation is part of an ongoing effort to crack down on money laundering.
According to a report in the Wall Street car rental internet specials Journal, the U.S. Treasury Department's car rental internet specials Financial Crimes Enforcement Network issued a warning last month suggesting that casinos monitor customers and "gambling agents" within their operations. The casinos are encouraged to report all available information if anything suspicious is found. The agency said they are especially concerned with casinos making cross-border money transfers from agents to customers. Unlike the careful verification process performed car rental internet specials in banks, casino transfers are not regulated in the same way and as a result are more likely to assist in money laundering.
car rental internet specials According to Chinese law, each Chinese citizen can only transfer up to RMB50,000 abroad each year. Some very high rollers thus seek help from international travel agents who can provide them a huge amount of money for gambling abroad. Those travel agents are known as "gaming agents".
He said: "To my knowledge, the best way to handle funds of unknown origin is to make use of casinos for laundering. There are lots of laundering agents in China. As an example, Bo Xilai and his wife worried a lot about how to handle their 6 billion dollars. The problem is how to transfer that money abroad."
Yin Deyi further states: "As you can see, Macau casinos have become the bridges for money transfers for CCP officials. Many of us know that those officials can spend millions or even more overnight."
To serve the rich, gaming agents first provide a very high credit amount to the gamer and then collect the debt when the gamer has lost in the casino. For very wealthy gamblers, some agents provide the service with an I.O.U. car rental internet specials before they go abroad. The regulatory agency acknowledged that nobody knows exactly how many agents have escaped CCP monitoring.
According to a 2010 research project by Macau Polytechnic Institute, among the VIP customers of Macau casinos, more than two-thirds of the whole industry's revenue came from CCP officials, state-owned, and private company managers.
Gong Lei, Shandong independent writer, states: "For ordinary private entrepreneurs who only earn legal income by being hardworking, car rental internet specials they won't squander their money in casinos. The real purpose of super gamblers is to transfer state-owned assets or launder the money seized from civilians or by fraud. Most of the money is from illegal means."
The 2011 total revenue of Macau's casino industry reached 34 billion dollars, which is five times that of Las Vegas. At the same time, the number of Chinese and Hong Kong visitors to Las Vegas has also surged to 188,000 in 2011, 80% higher than five years ago.