AUSTRAC crackdown
Neds, Ladbrokes owner faces fight with money-laundering watchdog
Financial crime regulator AUSTRAC has commenced proceedings against Entain, the global sports betting group behind local brands Ladbrokes and Neds.
- by Colin Kruger
Latest
How this executive is readying for a boom in financial crime reporting requirements
The federal government is considering new rules that would require real estate agents, accountants and lawyers to report suspicious transactions. But are these industries ready?
- by Sarah Danckert
Updated
Regulation
ING slapped with anti-money laundering undertaking after investigation
ING has vowed to fix its anti-money laundering and counter-terrorism financing systems after an investigation by Australia’s financial crimes regulator Austrac.
- by Clancy Yeates
CBA says class action ‘infected by hindsight bias’
The Commonwealth Bank says a shareholder class action targeting the bank’s disclosure of anti-money laundering breaches is based on hindsight.
- by Clancy Yeates
Austrac targets Perth Mint over money laundering concerns
Australia’s anti-money laundering agency has targeted the WA government-owned Perth Mint, which sold more than $26 billion worth of precious metals last year, over compliance concerns.
- by Colin Kruger
Updated
AUSTRAC
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.
- by Charlotte Grieve
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.
- by Charlotte Grieve
Perfume, hotels, taxis - banks told how to spot signs of sex slavery
A range of regular transactions have been identified by the national financial tracking agency as potential indicators of a woman in sexual servitude.
- by Wendy Tuohy
AUSTRAC expands probe into Crown suitor Star casino
Crown Resorts rival, and would-be suitor, The Star Entertainment Group, said anti-money laundering agency AUSTRAC has expanded its investigation into the casino operator’s alleged money laundering failures.
- by Colin Kruger
‘Of course there are examples’: Criminals laundering billions through Australian housing market
Homebuyers could be competing at property auctions against organised criminal gangs using Australia to launder billions, according to law enforcement agencies.
- by Sarah Danckert
Money laundering cop AUSTRAC to face grilling under new financial crime inquiry
The Australian Transaction Reports and Analysis Centre (AUSTRAC) has recently stung big banks with huge fines. But it is facing criticism that it is too reactive.
- by Charlotte Grieve
Original URL: https://www.theage.com.au/topic/austrac-crackdown-1nat