Saturday, October 23, 2021
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star, sydney

Star to take “appropriate steps” after report sends shares tumbling

Star Entertainment said it will take the “appropriate steps” to address allegations made in a media report that sent its stock plunging almost 23...

HK busts first suspected money smuggling ring via HKZM bridge

Five people have been arrested as Hong Kong authorities say that they have busted a money-laundering ring accused of smuggling nearly HKD170 million out of the city over three months via the Hong Kong-Zhuhai-Macau Bridge to Macau and Zhuhai.
Crown Perth

GWC may call for immediate cancellation of Crown license

Even before the ending of the Royal Commission enquiry into whether Crown Perth is suitable to keep its casino licence, the gambling regulator may call on the Racing and Gaming Minister to cancel its licence.
Crown resorts, casino

Crown stock slips as investors ponder potential license loss

Shares in Crown Resorts slipped for a second day as analysts begin to mull the impact of the potential loss of a casino license at the company’s flagship property in Melbourne.
Crown-Melbourne

Victoria probe counsel calls for Crown to be stripped of Melbourne license

Counsel for a Royal Commission inquiry into Crown Resorts in the Australian state of Victoria has recommended that the company be stripped of its Melbourne license as the problems run too deep for corporate reform.
crown melbourne

Crown exec wanted to bring back illegal credit card scheme: testimony

Courts in the Australian state of Victoria heard on Friday that a Crown Resorts executive close to James Packer wanted to bring back an illegal high roller credit card scheme.
Crown resorts, casino

Crown facing new money laundering scandal

Crown Resorts is facing a new money laundering scandal, linked to its practice of accepting credit card payments in exchange for gaming chips or cash via its hotel desk at its Crown Melbourne property between 2012 and 2016.
anti money laundering

Philippines back on FATF grey list despite tighter AML controls

The Philippines has once again been put on the Financial Action Task Force’s (FATF) grey list despite having recently passed legislation to improve its anti-money laundering controls, with supervision of junkets cited as an area of concern. 
Crown resorts, casino

Crown aware allowing clients to purchase chips on credit cards was illegal

Crown Resorts was aware that allowing its clients to purchase casino chips on credit cards was illegal and the company formulated a potential legal response in case it was caught by regulators, a Royal Commission Inquiry in Victoria heard.
Jenny-Jiang, crown resorts, whistleblower

Whistleblower who sparked Crown inquiries not called to testify

The former Crown Resorts employee Jenny Jiang, who was jailed in China and whose interviews with local media about the company's operations ultimately lead to the current Australian regulatory probes, says she has not been called to testify. 

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