Company still doing business with higher risk customers and allowing money to be moved through highly risky channels, watchdog claims in court action
Follow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcast
Star Entertainment faces more civil penalties for allegedly allowing customers to move cash through risky back channels and continuing business with “higher-risk customers” in breach of federal anti-money laundering laws.
The Australian Transaction Reports and Analysis Centre (Austrac) lodged a case against the ASX-listed gambling giant in the federal court on Wednesday after wrapping up a joint probe with police and regulators in NSW and Queensland, which began in September 2019.
Continue reading…Company still doing business with higher risk customers and allowing money to be moved through highly risky channels, watchdog claims in court actionFollow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastStar Entertainment faces more civil penalties for allegedly allowing customers to move cash through risky back channels and continuing business with “higher-risk customers” in breach of federal anti-money laundering laws.The Australian Transaction Reports and Analysis Centre (Austrac) lodged a case against the ASX-listed gambling giant in the federal court on Wednesday after wrapping up a joint probe with police and regulators in NSW and Queensland, which began in September 2019.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading…