Australia

Reading Time: < 1 minute   AUSTRAC intelligence sparked an investigation that helped the Law Enforcement Conduct Commission (LECC) to uncover a NSW police officer who sold more than $1.3 million in family gold bars to fund a gambling addiction. The officer was found by the LECC to have engaged in serious misconduct after taking…

Reading Time: 2 minutes   The Australian Communications and Media Authority (ACMA) has imposed a fine of $1,014,120 on Betchoice Corporation Pty Ltd, trading as Unibet, for failing to close the accounts of 954 of its customers who had registered with BetStop – the National Self-Exclusion Register (NSER). An ACMA investigation found more than 100,000…

Reading Time: 2 minutes   The Australian Communications and Media Authority (ACMA) has imposed a fine of $500,800 on PointsBet Australia Pty Ltd for breaching the e-marketing and gambling self-exclusion laws. Investigations by the Australian Communications and Media Authority (ACMA) found that the company sent more than 800 messages that breached Australia’s spam laws. PointsBet…

Reading Time: 3 minutes   AUSTRAC has announced that it will expand its intelligence partnership, Fintel Alliance. Fintel Alliance is a world leading public-private partnership where members and law enforcement work together and share data in real time to target serious crime. AUSTRAC CEO Brendan Thomas said the Intelligence Division’s Fintel Alliance has been so…

Reading Time: 2 minutes   Businesses and individuals bound by the tipping off offence must now consider whether a disclosure could be expected to prejudice an investigation, under changes to the AML/CTF laws that came into force on March 31. The changes to the offence, which carries a maximum penalty of around $39,000 or up…