Financial watchdog Austrac alleges Star casino breaking anti-money laundering laws
Company still doing business with higher risk customers and allowing money to be moved through highly risky channels, watchdog claims in court action
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Star Entertainment faces more civil penalties for allegedly allowing customers to move cash through risky back channels and continuing business with “higher-risk customers” in breach of federal anti-money laundering laws.
The Australian Transaction Reports and Analysis Centre (Austrac) lodged a case against the ASX-listed gambling giant in the federal court on Wednesday after wrapping up a joint probe with police and regulators in NSW and Queensland, which began in September 2019.
Law (Australia) | The Guardian
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