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AUSTRAC warns of FATF gray list for Australia

Australia’s anti-financial crimes watchdog (AUSTRAC) has warned that Australia risks being put on a gray list of countries subject to greater scrutiny by international regulators if it doesn’t do more to combat money laundering.

AUSTRAC signs information sharing MOU with VIC gaming regulator

Australia’s top anti-money laundering watchdog (AUSTRAC) has announced it has signed an MOU with the Victorian Gambling Casino Control Commission (VGCCC) aimed at strengthening its efforts against financial crime. 

AUSTRAC Crown probes carry potential for major financial pain

Austrac investigations into the Australian casino sector are extensive and ongoing, write Jamie Nettleton and Brodie Campbell, a partner and solicitor respectively, with law firm Addisons.

Crown Resorts’ Blackburn concedes certain AUSTRAC allegations “were right”

Crown Resorts’ group chief risk officer Steven Blackburn has conceded that the company had fallen foul in relation to a number of allegations brought on by AUSTRAC, which has commenced civil penalty proceedings against the company as of last week. 

AUSTRAC widens probe into Star Entertainment

The Australian Transaction Reports and Analysis Centre (AUSTRAC) has widened the scope of its probe into Star Entertainment Group beyond Sydney to include "other entities" within the group.

AUSTRAC urges casinos to mitigate junket risk

Australia’s top anti-money laundering watchdog has released an in-depth report into junket operators, concluding they are highly vulnerable to criminal activity and that casinos need to do more to mitigate the risks.

Junkets infiltrated by criminals, foreign agents, AUSTRAC says

Australia's anti-money laundering watchdog, AUSTRAC, says criminals and foreign agents have infiltrated the junkets bringing players into the country, putting it at high risk of money laundering and financing terrorism.

AUSTRAC chief says junket monitoring is operator responsibility

AUSTRAC Chief Executive Nicole Rose told Senate estimates that it was up to individual gaming companies to assess whether overseas tour groups were compliant with Australia’s anti-money laundering and counter-terrorism financing laws. “AUSTRAC does not regulate junket tour operators,” she said.

AUSTRAC probe raises the stakes for Crown Resorts

What began with some bad news headlines, then developed into a special probity hearing in New South Wales, and has now become a full-scale governance crisis for Crown Resorts, with the newly announced Australian Transaction Reports and Analysis Centre (AUSTRAC) investigation posing a particular threat.

Crown shares plummet after news of AUSTRAC probe

Shares in casino operator Crown Resorts have plunged as much as 10 percent after the financial crimes regulator AUSTRAC launched an investigation into compliance with anti-money laundering and counterterrorism financing laws.