Owners of the main casinos in Australia’s five biggest cities are now under formal investigation.
National Australia Bank (NAB) and casino operators Crown Resorts, Star Entertainment Group and SkyCity Entertainment Group have all been included.
The investigations are being conducted by the anti-money laundering regulator.
Crown has already been investigated for potential breaches at its Melbourne casino, but now its Perth casino will also be under scrutiny.
The company has been unable to open a newly built Sydney casino costing A$2.2bn (£1.2bn; $1.7bn) after a landmark inquiry earlier this year said the company was unfit to hold a gaming licence in New South Wales.
*Sydney casinos to ban cash after laundering scandal
*Crown casino boss resigns amid laundering scandal
*Bank given largest fine in Australia corporate history
The inquiry found that Crown had been “facilitating money laundering, exposing staff to the risk of detention in a foreign jurisdiction and pursuing commercial relationships with individuals” connected to criminal groups at casinos in other Australian cities.
The commissioner of the inquiry recommended an overhaul of the company’s governance, beginning with the sacking of most of the board.
For years, Crown has been dogged by allegations of illegal activity occurring at its casinos, including widespread money laundering and junkets for Chinese high-roller gamblers linked to organised crime groups.
Star Entertainment Group, which runs Sydney’s only casino, is also now being investigated over suspected breaches of customer due diligence laws.
That could jeopardise a $7bn proposal to buy rival Crown Resorts, which has been fielding takeover approaches in the face of the money laundering allegations.
New Zealand based SkyCity, which runs one casino in Australia, said the regulator is investigating its Adelaide operation over potential shortfalls in management of customers identified as “high risk and politically exposed”.
NAB said its investigation is focused on weak customer identification procedures and background checks.
The Australian Transaction Reports and Analysis Centre (AUSTRAC) works to prevent organised criminals using banks and companies to finance their operations.
The regulator told the BBC that it “works with state and territory regulators and law enforcement partners to actively address the significant risks of money laundering through casinos” and to “support regulation and education of the gambling sector”.
Australia has seen record penalties in recent years as a result of money laundering breaches.
In September of last year, Australia’s Westpac bank was fined a record A$1.3bn for the nation’s biggest breach of money laundering laws.
The Commonwealth Bank agreed to pay a record A$700m in 2018 in a money laundering case.
Source: 카지노사이트핫
“Your post was both enlightening and thought-provoking.”
“Your balanced view on this topic is refreshing to see.”
“This blog is my go-to source for reliable and interesting information.”
“Every post you write is a home run in both content and style.
“Your blog is a beacon of knowledge in a sea of misinformation.”
“Your blog is a beacon of knowledge in a sea of misinformation.”
“Thank you for consistently producing such high-quality content.”
The intelligence and thoughtfulness in your posts are unmatched.
This was a great read—thought-provoking and informative. Thank you!
I always learn something new from your posts. Thank you for the education!
Your writing has a way of touching hearts and minds. We’re proud supporters of your blog from Asheville!
The Writing is a go-to resource for me. Thanks for all the hard work!
Adding value to the conversation, because what’s a discussion without The two cents?
“This post was a joy to read from beginning to end! Your expertise on the subject shines through in every paragraph, making complex topics accessible and interesting. Your passion for the subject matter is infectious, and I can’t wait to see what topic you tackle next. Excellent job!”
The breadth of The knowledge is amazing. Thanks for sharing The insights with us.
The depth of The research is impressive, almost as much as the way you make hard to understand topics captivating.
Thanks for the hard work. I could almost see the sweat on the keyboard. Much appreciated!
The depth you bring to The topics is like diving into a deep pool, refreshing and invigorating.
The dedication to high quality content is evident and incredibly appealing. It’s hard not to admire someone who cares so much.
Unique viewpoints, because who needs echo chambers?
The article was a delightful read. It’s clear you’re passionate about what you do, and it shows.
The depth of The research is impressive, almost as much as the way you make hard to understand topics captivating.
http://bbs.nhcsw.com/home.php?mod=space&uid=1076460
http://www.lspandeng.com.cn/home.php?mod=space&uid=172925
http://104.131.17.134/member.php?action=profile&uid=160206
https://www.webwiki.at/kelley-wilkerson.technetbloggers.de/shattered-no-more-the-ultimate-guide-to-auto-glass-replacement-1717293656
https://www.98e.fun/space-uid-7879006.html
https://smf.sos-dan.ru/index.php?action=profile;area=forumprofile;u=938922
http://jiyangtt.com/home.php?mod=space&uid=3131633
Elegant and insightful, you tackle hard to understand issues like you’re dancing through words. Shall we dance some more?
This piece was beautifully written and incredibly informative. Thank you for sharing!
Incredibly informative post! I learned a lot and look forward to more.
Presented a hard to understand topic engagingly, like a magician pulling a rabbit out of a hat.
Bookmarking this for future reference, but also because The advice is as invaluable as The attention.
A beacon of knowledge, or so I thought until I realized it’s just The shining confidence.