Posts Tagged :

AUSTRAC

Australia Regulator Expands Money Laundering Probe at Casino Firm Star

 The HALLO ECHO
By:
0
0

  Australia’s financial crime regulator said on Friday it had broadened its ongoing investigation of the country’s second-biggest casino operator Star Entertainment Group over possible breaches of anti-money laundering and counter-terrorism laws at its casinos. The sector has been plagued by a slew of regulatory inquiries in Australia and the development highlights casino firms’ shortcomings…

read more

Austrac Accuses Australian Casinos of Money-Laundering

 The HALLO ECHO
By:
0
0

  The Australian Transaction Reports and Analysis Centre (Austrac), a state-run financial intelligence organization, has leveled allegations against many of the major land-based casinos in the country. Crown Resorts, Star Entertainment and SkyCity Entertainment Group are among those who have received notices. Austrac has also reportedly contacted National Bank of Australia (NAB) regarding the matter.…

read more

AUSTRAC CEO Says Casinos Must Oversee Junket Compliance

 The HALLO ECHO
By:
0
0

  Nicole Rose, CEO of Australia’s financial crimes watchdog AUSTRAC, has stated that it is the responsibility of casino operators rather than regulators to oversee the operations of junket operators operating within their gaming facilities. According to a report by News Corp, Nicole Rose made the claim during a Senate estimates hearing at which she…

read more

AUSTRAC Launches Formal Investigation into Crown Melbourne Over AML Concerns

 The HALLO ECHO
By:
0
0

  AUSTRAC, Australia’s financial crime watchdog, has launched a formal investigation into potential infringements of the country’s anti-money laundering laws by Crown Resorts. In a Monday morning filing with the Australian Securities Exchange, Crown revealed that it had been informed of the investigation by AUSTRAC after the authority’s Regulatory Operations branch identified potential non-compliance by…

read more
  • 1
  • 2