The Australian anti-money laundering regulator is to closely follow the activities of casino and poker machine owners<\/p>\n\n\n\n\n\n\n\n
Australia.- The Australian anti-money-laundering regulator, AUSTRAC, is said to be sharpening its focus on the gambling industry, according to the local press. <\/p>\n\n\n\n
The news should not come as a shock to the industry. Last year, AUSTRAC Chief Executive, Nicole Rose, warned the financial intelligence agency would examine potential “gaps” in regulations that dictated what casinos must know about their gaming clients as part of a probe into the risks of casino junkets.<\/p>\n\n\n\n
Casino operators such as Crown Resorts and Star Entertainment, and big poker machine owners including Woolworths, might find themselves under heightened scrutiny as a result.<\/p>\n\n\n\n
AUSTRAC is taking action after explosive allegations against Crown, accused of dealing with junkets with links to organized crime, money laundering through its casinos and working with immigration to fast track visas for VIPs. The allegations were made following an investigative report by The Age, 60 Minutes and The Sydney Morning Herald<\/strong><\/em>.<\/p>\n\n\n\n Following the allegations, there will be a public inquiry later this month from the NSW Independent Liquor and Gaming Authority into Crown\u2019s suitability to hold a casino license in Sydney, along with the suitability of its 9.9 per cent shareholder, Melco Resorts.<\/p>\n","protected":false},"excerpt":{"rendered":" The Australian anti-money laundering regulator is to closely follow the activities of casino and poker machine owners<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"AUSTRAC is intensifying its focus on the Australian gambling sector, particularly casino and poker machine operators, to address potential anti-money laundering (AML) vulnerabilities. This heightened scrutiny follows serious allegations against Crown Resorts concerning links to organized crime and money laundering, prompting a public inquiry into its Sydney casino license suitability and that of its shareholder, Melco Resorts.","focusai_entities":"AUSTRAC, Nicole Rose, Crown Resorts, Star Entertainment, Woolworths, Melco Resorts, NSW Independent Liquor and Gaming Authority, The Age, 60 Minutes, The Sydney Morning Herald","focusai_location":"Australia, Sydney","focusai_target_profile":"ceo_executive (0.95), regulator (0.98), compliance_legal (0.98), operator_casino (0.97), tech_data (0.7), payments_fraud_aml (0.99), investor_analyst (0.96), supplier_vendor (0.75), journalist_researcher (0.95)","focusai_suggestions":[{"label":"AUSTRAC's Enforcement Scope","query":"What specific enhancements to AUSTRAC's enforcement powers or operational methodologies are anticipated to address the identified \"gaps\" in casino AML regulations, particularly concerning high-roller junkets?"},{"label":"Crown Resorts License Impact","query":"Beyond the NSW inquiry, what are the potential GGR and NGR implications for Crown Resorts and its shareholders, including Melco Resorts, if its Sydney casino license is revoked or subjected to stringent new operational conditions?"}],"footnotes":""},"categories":[160,16336,439,158],"tags":[289,29,228,59,573],"class_list":["post-2006","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-australasia-news","category-legal-news","category-slider-home","tag-australia","tag-casino","tag-illegal","tag-poker","tag-slot-machines"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2006","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=2006"}],"version-history":[{"count":9,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2006\/revisions"}],"predecessor-version":[{"id":777007798,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2006\/revisions\/777007798"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=2006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=2006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=2006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}