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Crown to pay $450M to settle AUSTRAC case
Gaming 2023-05-30 12:59 pm By Christine Caulfield

Crown Resorts has reached agreement with AUSTRAC to pay a $450 million penalty for the casino operator’s serious breaches of the anti-money laundering and counter-terrorism […]

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SkyCity Adelaide must appoint expert to review AML/CTF programs
Gaming 2023-05-29 2:50 pm By Cindy Cameronne

The South Australia gambling commissioner has directed SkyCity Adelaide to appoint an independent expert to review its anti-money laundering and counter-terrorism financing programs after AUSTRAC […]

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Crown, AUSTRAC reach deal on penalty but court wants guidance on ill-gotten profits
AUSTRAC 2023-05-12 3:25 pm By Sam Matthews

Crown Resorts has reached agreement on a proposed penalty in AUSTRAC’s case alleging “widespread and serious non-compliance” with anti-money laundering and counter terrorism financing laws, […]

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Star Entertainment pleads guilty to Queensland gambling law violations
Gaming 2023-03-20 10:38 pm By Cat Fredenburgh

Star Entertainment has pleaded guilty in Queensland to seven charges of allowing the purchase of gambling chips with a credit card, months after being with […]

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Crown owns up to ‘serious and systemic’ breaches of money laundering laws
AUSTRAC 2023-03-01 5:29 pm By Sam Matthews

Casino giant Crown has admitted to a “significant number” of anti-money laundering and counter terrorism breaches in a case brought by AUSTRAC. The financial crimes […]

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Star accounts for $150M in likely penalties after ASIC ‘raises concerns’
Gaming 2023-02-28 11:47 pm By Christine Caulfield

The corporate regulator voiced concerns with Star Entertainment over its 2022 financial report, which it said made no provision for likely fines faced by the […]

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Crown, Star look set to admit non-compliance in AUSTRAC actions
AUSTRAC 2023-02-13 2:01 pm By Sam Matthews

A court has heard that casino giants Crown and Star are likely to reach agreement with AUSTRAC as to liability in proceedings alleging “widespread and […]

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$4B in suspicious funds churned through SkyCity casino, AUSTRAC claims
Gaming 2022-12-07 4:25 pm By Cat Fredenburgh

AUSTRAC has launched court proceedings against SkyCity Adelaide for allegedly allowing more than $4 billion in suspicious customer transactions at its casino, including with cash […]

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‘Widespread and serious’: AUSTRAC takes aim at Star over money laundering compliance
Gaming 2022-11-30 3:39 pm By Sam Matthews

AUSTRAC has filed Federal Court action against Star Entertainment, alleging “widespread and serious non-compliance” with anti-money laundering laws. The civil penalty proceedings, announced by the […]

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CBA’s former boss Ian Narev grilled over internal audits 4 years before AUSTRAC action
Class Actions 2022-11-14 10:02 pm By Christine Caulfield

The former chief executive of Commonwealth Bank has told a court internal auditors raised issues with CBA’s anti-money laundering and counter-terrorism financing compliance four years […]

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