Prevention of Money Laundering, Terrorism Financing, and Proliferation Financing
As one of the leading global financial hubs, Singapore enforces rigorous regulatory standards on casino operators, including on Prevention of Money Laundering, Terrorism Financing, and Proliferation Financing (PMLTFPF). In alignment with these high standards, RWS has instituted one of the most stringent PMLTFPF systems in the world by drawing on leading practices from other industries with significant PMLTFPF compliance activities.
The Board of Directors at RWS exercises oversight and guidance over PMLTFPF control measures and the conduct of all employees. The robust PMLTFPF Framework implemented at RWS defines the governance structure for compliance activities, outlining meticulous procedures and controls.
Core principles embedded in this framework include accountability, segregation of duties, thorough documentation, and vigilant supervision. As part of the framework, the Compliance Department conducts an annual review that involves an assessment of current and prevailing MLTFPF risks in RWS’ internal and external environment, changes in legislation or risks identified in other jurisdictions, and instances of non-compliance by other casinos and financial institutions.
In 2025, RWS represented the casino industry to showcase its framework and system of internal controls during an evaluation of Singapore’s anti-money laundering and combating of terrorism financing measures by the Financial Action Task Force (FATF), an independent inter-governmental body that develops and promotes policies to protect the global financial system.
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Tax Governance
Genting Singapore is committed to complying with all applicable tax laws and regulations in the jurisdictions where we operate. This commitment includes conducting business transactions that are driven by bona fide commercial reasons and maintaining cooperative and transparent relationships with tax authorities. Our Tax Governance Policy outlines this commitment. Through clearly defined roles, responsibilities, and escalation guidelines, we have established a comprehensive governance structure to manage tax risks effectively. This ensures compliance with applicable laws and fosters transparency and accountability in our tax practices.
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Whistleblowing Policy
As a key component of our governance framework, our Whistleblowing Policy and reporting procedures offer a secure channel for employees and stakeholders to report concerns regarding the abuse of power, non-compliance with internal controls, rules, and regulations, violations of the Code of Conduct, and instances of fraud, corruption, misconduct, or unsafe work practices. This policy aims to reinforce ethical behaviour, accountability and integrity within the organization, and safeguard the company’s reputation. Learn more about our corporate governance framework and practices in our latest Sustainability Report.