Tabcorp strongly defends itself

The Australian gaming operator was accused of 61 new money laundering reporting breaches.

Australia.- The most famous Australian gaming operator keeps fighting legal battles after the investigation for money laundering initiated by Austrac, the Australian Transaction Reports and Analysis Centre. Yesterday, the giant company filed a defense in relation to civil proceedings to prove its innocence.

Austrac has alleged Tabcorp contravened its reporting obligations on 236 occasions, which had the potential to facilitate large-scale money laundering by crime syndicates or compromise the integrity of the financial system. Tabcorp presented to the Justice evidence on the case, with the exception of explanations to allegations regarding its NSW business not enrolling as a reporting entity in the prescribed timeframe; its NSW and Victorian business not lodging certain suspicious matter reports; deficiencies in Tabcorp’s previous AML/CTF programme and its NSW business not conducting appropriate verification of a particular customer in a retail venue.

The national Justice set the date to carry out the hearing on June 2017. Meanwhile, Tabcorp announced its commitment to file a response in relation to the total amended statement of claims lodged by Austrac.