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The Latest Breaking News from AUSTRAC

Watchdog takes casino giant Star to court

A federal watchdog has started civil penalty proceedings against gambling giant Star for alleged failures to comply with anti-money laundering laws.

AAP

Star Entertainment sued by AUSTRAC for alleged money-laundering breaches

Star casinos are facing massive fines as the anti-money-laundering regulator AUSTRAC launches a Federal Court action seeking civil penalties.

ABC News

Proceeds of crime: gambling firms keep millions when Australians steal to fund addiction

When gambling addicts steal hundreds of thousands of dollars for losing bets, the victims of theft have little recourse. Advocates say that must change

The Guardian - AU

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Financial watchdog launches investigation into Sportsbet and Bet365 over money laundering suspicions

Austrac chief Nicole Rose says the financial crimes ombudsman is ‘putting the whole industry on notice to lift their game’

The Guardian - AU

Anti-money laundering watchdog probes online gambling giants Sportsbet and Bet365

The Australian Transaction Reports and Analysis Centre (AUSTRAC) is launching an investigation into two of the nation's biggest online sports betting companies over money laundering concerns and warns that it wants the multi-billion-dollar gambling industry to "lift its game".

ABC News

Sportsbet, Bet365 face AUSTRAC-led audit

Australia's financial intelligence agency has told online gaming groups Sportsbet and Bet365 it has reasonable grounds to suspect they may have broken the law.

AAP

Auditor-general warns WA government over risk of money laundering and terrorism financing

The WA government is warned almost all of its agencies with anti-money laundering and counter-terrorism obligations are at risk of non-compliance with Commonwealth laws. So how bad is it?

ABC News

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Police keep tabs on released terrorists

The latest Australian Federal Police annual report has revealed there are 55 people serving jail time for terrorism with 19 due for release within five years.

AAP

Inquiries have found casinos facilitated money laundering and consorted with criminals — so why haven’t there been charges for executives or directors?

Australia's largest casino groups have been found "unsuitable" to hold licences due to allegations of money laundering and consorting with criminal gangs. But no individuals have faced consequences.

ABC News

Why is Australia's financial crimes watchdog investigating the Perth Mint?

The Perth Mint is the world's largest producer of newly mined gold and turns over $26 billion a year — and now it's in the crosshairs of Australia's financial regulator.

ABC News

Ladbrokes owner faces finance probe

The Australian Transaction Reports and Analysis Centre has been assessing several players in the corporate bookmaking sector

Evening Standard

Ladbrokes owner faces financing probe

Entain Group, which operates popular Australian betting sites Ladbrokes and Neds, is facing an investigation under laws to tackle organised crime.

AAP

Australia financial crimes regulator opens investigation into Britain's Entain

The Australian financial crimes regulator said on Monday it opened an investigation into British sports betting giant Entain Plc to assess whether it was complying with anti-money laundering and counter-terrorism financing laws.

Reuters

Adelaide's SkyCity casino faces independent review as casino industry probe widens

South Australian authorities have launched an independent review of Adelaide's SkyCity casino after interstate probes pointed to broader systemic issues within the industry.

ABC News

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The Guardian - AU

Money laundering: more Australian prosecutions needed, financial intelligence agency warns

Country risks failing next international evaluation and could be put on a ‘grey list’ if it doesn’t do enough

ABC News

Outgoing Star Casino chairman admits it was a 'mistake' to appoint executives who were not qualified for jobs

John O'Neill tells a public inquiry several executives at Sydney's Star Casino were promoted to roles "beyond their competencies".

ABC News

The Star suspends VIP rebate program aimed at attracting high-spending gamblers

The Star Entertainment Group says it will suspend its VIP rebate programs while it deals with probity issues from a damning inquiry into the company's suitability to run its Sydney casino.

The Guardian - AU

Star wars: how the NSW casino inquiry claimed a CEO

Critics say allegations against Star casino aired at gaming inquiry reflect a deeper malaise afflicting corporate Australia

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The Guardian - AU

Australia risks damage to economy without expanded money laundering laws, says Senate committee

Government has ‘dragged its feet’ on reform and Australia could be placed on grey list which includes Syria, Myanmar and South Sudan

ABC News

Crown Perth royal commission details many failings of WA government and casino regulator

Crown has faced repeated fire for alleged wrongdoing in its casinos, but a WA royal commission final report also points the finger at some less racy targets — the state government and its casino watchdog.

ABC News

Crown Perth Royal Commission report has been handed to Mark McGowan but remains under wraps

Almost a year to the day after it was established, the Perth Casino Royal Commission delivers its final report.

Reuters

Australia lawsuit accuses Crown Resorts of 'innumerable' money laundering breaches

An Australian government agency filed a lawsuit on Tuesday accusing casino operator Crown Resorts Ltd of "serious and systemic noncompliance" with anti-money laundering laws, complicating a $6.3 billion buyout by Blackstone Inc.

AAP

AUSTRAC eyes Crown over alleged breaches

AUSTRAC has served two Crown operations with a statement of claim and begun proceedings in the Federal Court, following an investigation that began in 2020.

The Canberra Times

AUSTRAC slaps Crown with legal penalty

Australia's financial crimes watchdog has launched legal action against the nation's biggest casino for possible money laundering breaches.

ABC News

ASX rises for the third day and Russia doubles interest rates to prop up the rouble amid financial sanctions over Ukraine invasion

The ASX gains ground as the Reserve Bank keeps interest rates at a record low and Russia more than doubles its key interest rate after the West ramped up financial sanctions over the invasion of Ukraine.

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