Federal Court dismisses disclosure class actions against CBA

Federal Court dismisses disclosure class actions against CBA

The judge found even though Commonwealth Bank was aware of problems before AUSTRAC’s 2017 case,it had not breached continuous disclosure obligations.

  • byClancy Yeates

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The Star suggested burying $3.2 million in cash losses:Former CFO claims

The Star suggested burying $3.2 million in cash losses:Former CFO claims

Former chief financial officer Christina Katsibouba has made a series of allegations about the company’s failure to be transparent with investors and other executives regarding its financial position.

  • byAmelia McGuire
Four ways the cards could fall for Star Sydney
Analysis
Casinos

Four ways the cards could fall for Star Sydney

Star Sydney’s current and former executives are about to be hauled before Adam Bell,SC,for a second time in 18 months – and the stakes are high.

  • byAmelia McGuire
Britain’s best-paid woman hit by money laundering failures fine at gambling empire

Britain’s best-paid woman hit by money laundering failures fine at gambling empire

Online gambling firm Bet365 has been fined $1.1 million in the UK after failing to prevent potential money laundering and protect vulnerable customers.

  • byDaniel Woolfson andChris Price
Balance the right to privacy with stamping out organised crime:NAB
Exclusive
Privacy

Balance the right to privacy with stamping out organised crime:NAB

Attorney-General Mark Dreyfus is this year expected to legislate changes to the decades-old Privacy Act,after a review by his department recommended 116 changes to better protect the personal information of Australians.

  • bySumeyya Ilanbey
Bet365 investigated in anti-money laundering probe

Bet365 investigated in anti-money laundering probe

The financial watchdog is investigating the wagering business over anti-money laundering and counterterrorism financing compliance.

  • byAmelia McGuire
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SkyCity braces for $73m penalty after probe by financial crime watchdog

SkyCity braces for $73m penalty after probe by financial crime watchdog

SkyCity will face the Federal Court in June over alleged breaches of anti-money laundering and counter-terrorism financing laws at its Adelaide casino.

  • byAmelia McGuire
‘The curse of gold’:Ubiquitous symbol of wealth still fuels war and abuse

‘The curse of gold’:Ubiquitous symbol of wealth still fuels war and abuse

Easy to smuggle and sell virtually anywhere,gold continues to fund armed conflict in Africa and child labour in Australia’s region.

  • bySumeyya Ilanbey
Star shareholders unleash wrath but board avoids second strike

Star shareholders unleash wrath but board avoids second strike

The four-hour meeting heard one shareholder exclaim “shame,shame,shame”,as investors bemoaned Star Entertainment’s dwindling share price.

  • byAmelia McGuire
Chinese gangsters accused of laundering $228m through business spruiked by ex-minister

Chinese gangsters accused of laundering $228m through business spruiked by ex-minister

Police swooped on suspected members of the “Long River” Australia-wide crime syndicate,accusing them of serious financial crime.

  • byNick McKenzie
Star is all out of cards if second rescue bid falls over
Opinion
Casinos

Star is all out of cards if second rescue bid falls over

If a combined $1.6 billion rescue doesn’t do the trick,Star chief Robbie Cooke would be well aware that he can’t take a third bite at the equity apple.

  • byElizabeth Knight