Pubs strike deal with bookmaker in money-laundering rule probe

Pubs strike deal with bookmaker in money-laundering rule probe

As authorities closed in on money laundering in the hospitality industry,the pubs lobby struck a deal with an online bookmaker in the crosshairs of an AUSTRAC investigation.

  • byHarriet Alexander

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AUSTRAC to probe Sportsbet,Bet365 over money laundering concerns

AUSTRAC to probe Sportsbet,Bet365 over money laundering concerns

Two of the biggest bookmakers in Australia may face multimillion-dollar fines and severe regulatory interventions following an audit authorised by Australia’s financial crime watchdog.

  • byAmelia McGuire
Ladbrokes owner Entain faces AUSTRAC probe and potential million-dollar fine

Ladbrokes owner Entain faces AUSTRAC probe and potential million-dollar fine

Australia’s financial crimes watchdog will investigate if the gambling giant has complied with its anti-money laundering and counterterrorism financing obligations.

  • byAmelia McGuire
Casino boss concedes some issues heard by NSW probe ‘would apply’ in Qld

Casino boss concedes some issues heard by NSW probe ‘would apply’ in Qld

The interim head of Star Entertainment has also told a parliamentary committee the company had not been fined for regulatory breaches in the past five years,as an inquiry into its state operations readies to begin.

  • byMatt Dennien
From casinos to houses:Why Australia remains a money laundering haven

From casinos to houses:Why Australia remains a money laundering haven

If Australia does not extend anti-money laundering laws to secondary professions,such as lawyers and accountants,then experts say money laundering will continue to thrive.

  • byAnne Hyland
Austrac boss defends financial crimes regulator,says casinos must improve

Austrac boss defends financial crimes regulator,says casinos must improve

The chief executive of financial intelligence agency Austrac,Nicole Rose,has rejected criticism it was overly focused on banks.

  • byClancy Yeates
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NAB enters undertaking to lift anti-money laundering controls

NAB enters undertaking to lift anti-money laundering controls

NAB has accepted a court-enforceable undertaking to improve operations across the bank to ensure compliance with anti-money laundering and counter-terrorism laws.

  • byCharlotte Grieve
The Star lawyer grilled over whether damning KPMG audit was hidden from regulator

The Star lawyer grilled over whether damning KPMG audit was hidden from regulator

A top lawyer at The Star Entertainment Group has denied she sought to “cloak” a report in legal professional privilege to avoid giving it to a regulator.

  • byMichaela Whitbourn
‘Wrong and unacceptable’:Star boss’s fury over damning money laundering report

‘Wrong and unacceptable’:Star boss’s fury over damning money laundering report

The Star’s CEO Matt Bekier rejected a KPMG audit before the casino re-hired its authors in an attempt to water down their damning findings.

  • byPatrick Hatch
Crown will soon pay the real cost of money laundering
Opinion
Opinion

Crown will soon pay the real cost of money laundering

Australia’s financial system crime detection unit,AUSTRAC,will hand down the financial pain the scandal ridden casino must endure for its poor compliance practices.

  • byElizabeth Knight
Bell Potter faces AUSTRAC probe over anti-money laundering compliance

Bell Potter faces AUSTRAC probe over anti-money laundering compliance

The financial crimes watchdog has ordered external auditors to look into concerns the stockbroker may not be complying with anti-money laundering laws.

  • byCharlotte Grieve