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

By - 7 June 2021

More controversy looks to be heading to 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 has contacted Crown Resorts, Star Entertainment Group and SkyCity Entertainment Group over breaches of Anti-Money Laundering laws at casinos in Perth, Sydney and Adelaide.

The case is now in the hand’s of Austrac’s Enforcement Team which has launched a enforcement investigation into compliance at the casinos.

SkyCity said: “SkyCity will fully co-operate with Austrac in relation to those inquiries and with the investigation of SkyCity Adelaide. SkyCity takes its anti-money laundering responsibilities and obligations very seriously. SkyCity has processes and practices in place in its business to detect and prevent money laundering and continually reviews these to ensure it meets all anti-money laundering requirements.”

Crown said: “Crown Perth will fully co-operate with Austrac in relation to this process.”

Star added: “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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