Austrac Accuses Australian Casinos of Money-Laundering
The Australian Transaction Reports and Analysis Centre (Austrac), a state-run financial intelligence organization, has leveled allegations against many of the major land-based casinos in the country.
Crown Resorts, Star Entertainment and SkyCity Entertainment
Group are among those who have received notices. Austrac has also reportedly
contacted National Bank of Australia (NAB) regarding the matter.
Austrac is taked with monitoring financial transactions in
and identifying money laundering, organised crime, tax evasion, welfare fraud
and terrorism financing.
According to Crown Resorts, Austrac sent a notice mainly
regarding potential non-compliance with Australia’s money-laundering rules in
connection with the operations of Crown Perth, a casino in Perth.
Star Entertainment revealed that the notice it received was
about its Star Sydney property, for the same money-laundering non-complaince.
The company issued a statement, which asserted:
“The Star takes its anti-money laundering obligations very
seriously and will fully co-operate with Austrac in relation to its requests
for information and documents and the investigation.”
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