Australian Transaction Reports and Analysis Centre – Highly Aligned Leaders in Legal Operations

AUSTRAC Launches SkyCity Adelaide Penalty Proceedings

The HALLO ECHO The HALLO ECHO https://secure.gravatar.com/avatar/6643e16afd87312befa164d5a24507e3?s=96&d=mm&r=g December 8, 2022 December 8, 2022

By: The HALLO ECHO

December 8, 2022

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The Australian Transaction Reports and Analysis Centre is launching civil penalty proceedings against SkyCity Adelaide for alleged serious and systemic anti-money laundering and counter-terrorism financing failures. AUSTRAC is looking into the operator after an enforcement investigation into SkyCity in June last year. The investigation was a result of an AUSTRAC industry-wide compliance campaign that…

AUSTRAC Commences Investigation into Entain Group

The HALLO ECHO The HALLO ECHO https://secure.gravatar.com/avatar/6643e16afd87312befa164d5a24507e3?s=96&d=mm&r=g September 13, 2022 September 13, 2022

By: The HALLO ECHO

September 13, 2022

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The Australian Transaction Reports and Analysis Centre (AUSTRAC) has commenced an enforcement investigation into Entain Group Pty Ltd. This follows an extensive supervisory campaign that assessed entities within the corporate bookmakers sector. The investigation will focus on whether Entain has complied with its obligations under the AML/CTF Act. AUSTRAC Chief Executive Officer, Nicole Rose,…

AUSTRAC Launches Legal Action Against Crown for Alleged AML, CTF Breaches

The HALLO ECHO The HALLO ECHO https://secure.gravatar.com/avatar/6643e16afd87312befa164d5a24507e3?s=96&d=mm&r=g March 3, 2022 March 3, 2022

By: The HALLO ECHO

March 3, 2022

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The Australian Transaction Reports and Analysis Centre (AUSTRAC) has commenced civil penalty proceedings in the Federal Court against Crown Melbourne and Crown Perth for alleged serious and systemic non-compliance with Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) laws. This action follows proactive compliance work with the casino sector which led to a number of…