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The Latest Breaking News from AUSTRAC

$450 million Crown fine paints expensive picture for SkyCity

Crown Resort's massive fine gives some idea of what SkyCity may face over money laundering failures

Newsroom.co.nz

Australian casino group fined US$290m for lax controls

SYDNEY: Australia's Crown Resorts is set to pay a civil penalty of A$450 million (US$290 million) for lax money laundering controls that saw cash being carried into a casino in paper bags, shoe boxes and suitcases.

Bangkok Post

Adelaide's SkyCity casino is coming under increasing scrutiny — here's a look at why

South Australian authorities have ramped up monitoring of the state's only licensed casino, amid allegations of serious and systemic non-compliance with anti-money laundering and counter-terrorism financing laws, as Isabel Dayman explains.

ABC News

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Listen! The simple thing the finance sector can do for Indigenous customers that can change people's lives

The story of the Aboriginal Community Benefit Fund, whose name and marketing misled thousands of customers into believing it was Indigenous owned and run, is a stark example of how Australia’s financial regulations have let down Indigenous people.

The Conversation

Chair says Perth Mint ‘co-operating’ with financial crime auditors

Perth Mint is learning from "past mistakes" and co-operating fully with an investigation by the financial crime regulator, its chair says.

The New Daily

Perth Mint 'co-operating' with financial crime auditors

Chairman Sam Walsh insists Perth Mint has improved its processes as an audit examines historical non-compliance with anti-money laundering obligations.

AAP

Company running Perth Mint cryptocurrency withdraws support, but questions linger over future of GoldPass app

The company that runs the Perth Mint's cryptocurrency announces it will no longer support the digital tokens because of alleged breaches of Australian and US laws by the mint.

ABC News

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The AFP turns its focus to crushing the 'lifeblood' of organised crime in Australia — money laundering

Money mules, cash houses and even real estate purchases are being used to clean billions of dollars worth of ill-gotten gains in Australia each year. A new multi-agency taskforce has been set up to crush syndicates.

ABC News

Taskforce to drain lifeblood from rife money launderers

Money laundering is widespread across Australia's financial and property markets, law enforcement agencies say.

The New Daily

Money laundering rife in financial, property markets

Money laundering doesn't just happen in the movies and is widespread across Australia's financial and property markets, law enforcement agencies say.

AAP

Here's what you need to know about the Perth Mint controversy — and why it matters

As the London Bullion Market Association launches a probe into allegations surrounding the Perth Mint, here's what you need to know about the controversy.

ABC News

Second anti-money laundering unit formed to crack down on ‘high-risk’ Australian gambling industry

Watchdog has warned industry officials it had ‘identified serious non-compliance in a number of businesses’

The Guardian - AU

Gold ‘doping’ revelations damage reputation of Perth Mint

Perth Mint's international reputation has been damaged by gold "doping" revelations and past anti-money laundering failures.

The New Daily

Scrutiny over Perth Mint's gold sale to former bikie

Already under external audit, Perth Mint is facing questions over its sale of gold to a former bikie who allegedly only had to show his driver's licence.

AAP

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ABC News

Taxpayer-owned Perth Mint sells gold to a notorious former bikie without asking questions

A Four Corners investigation uncovers major holes in the money laundering defences of Australia's biggest mint — failings that could cost taxpayers billions of dollars.

The Guardian - AU

No questions asked: money laundering thrives in Australia because of professionals willing to facilitate it

Lawyers, accountants and real estate agents can face little scrutiny and there is as yet no action from government to increase regulation

AAP

Regulator's Crown case 'slower than carving up Europe'

AUSTRAC's money laundering lawsuit against Crown has been criticised as taking longer than the divvying up of Europe after Napoleon Bonaparte's downfall.

ABC News

State government ready to make any changes recommended by review into Adelaide Casino

Operations at the Adelaide Casino could be shaken up by an independent review due this week with the state government warning it will make any necessary changes.

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ABC News

Australians urged to be vigilant against continued cyber attacks from Iran's regime

Iran's Revolutionary Guard-affiliated actors have launched targeted cyber attacks on Australian organisations, aiming to use the data obtained for extortion, a report tabled in parliament shows.

AAP

Suspicious pokie reports spike: regulator

Reports of suspected money laundering through poker machines soared during the past year, the government's financial regulator says.

Newsroom.co.nz

SkyCity's Australian woes are sheeted home to NZ

Dirty money, literally and figuratively, is at the centre of a lawsuit focusing on SkyCity Adelaide, reports Andrew Bevin

AAP

Star Qld hit with record $100m fine

The Queensland government has fined Star Entertainment a record $100 million and appointed a special manager to rehabilitate the casino operator.

ABC News

SkyCity Adelaide casino accepted bags of 'soiled' cash, court documents allege

Documents submitted to the Federal Court as part of anti-money laundering proceedings contain details about casino customers allegedly linked to organised crime, human trafficking and sex slavery.

AAP

SA casino accused of regulatory breaches

The financial crime watchdog has launched legal action against casino operator SkyCity Adelaide for allegedly failing to comply with federal financing laws.

ABC News

AUSTRAC to launch Federal Court civil proceedings against SkyCity Adelaide casino over alleged anti-money-laundering breaches

The civil penalty proceedings follow an AUSTRAC investigation into SkyCity Adelaide, as part of its industry-wide compliance campaign.

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