AUSTRAC
Exclusive
Organised crime
Australians turned into money mules chasing crypto cash
Australia has the third-largest number of cryptocurrency ATMs in the world. They are being used to launder money for organised criminals.
- by Shane Wright
Latest
New gambling rules burn big hole in Star casino’s books
Restrictions on gambling with cash at Star’s flagship casino sent revenue plunging, adding to concerns about its viability.
- by Colin Kruger
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.
- by Clancy Yeates
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.
- by Amelia McGuire
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.
- by Amelia McGuire
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.
- by Daniel Woolfson and Chris Price
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.
- by Sumeyya Ilanbey
Bet365 investigated in anti-money laundering probe
The financial watchdog is investigating the wagering business over anti-money laundering and counterterrorism financing compliance.
- by Amelia McGuire
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.
- by Amelia McGuire
‘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.
- by Sumeyya Ilanbey
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.
- by Amelia McGuire
Original URL: https://www.smh.com.au/topic/australian-transaction-reports-and-analysis-centre-1n7r