Australia – Austrac initiates money laundering investigation in Perth, Sydney and Adelaide

Austrac

More controversy is in the casino sector in Australia, where the Australian Transaction Reports and Analysis Centre (Austrac) has contacted three of the major operators over potential money-laundering breaches.

Austrac contacted Crown resorts, the Star Entertainment Group, and the SkyCity Entertainment Group for any violations in casinos in Perth, Sydney, and Adelaide of anti-money laundering laws.

However, the case now lies with the Enforcement Team of Austrac, who started an enforcement inquiry into casino compliance.

SkyCity said, “Concerning the inquiries and the investigation by SkyCity Adelaide, SkyCity shall cooperate fully with Austrac. SkyCity takes its responsibilities and obligations to combat money laundering very seriously.”

Further, Crown said: “Crown Perth will cooperate fully on this process with Austrac.”

The Star also added, “The Star takes its anti-money laundering obligations very seriously. It will fully cooperate with AUSTRAC in relation to its requests for information and documents.”

 

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Nassima Azmzm

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