Tag: Australia

Page 4/8

Premium

LATEST: Crown Melbourne hit with AUD$120M (€77.6M) fine for ‘systemic failures’ of gambling regulatory framework

Premium

NEWS: Australia to face more criticism on AML if ‘gatekeepers’ are not regulated – AUSTRAC CEO

Premium

LATEST: AUSTRAC launches investigation into Sportsbet & Bet365 over alleged anti-money laundering failures

Premium

NEWS: NSW abandons plans to make cashless cards manatory in clubs despite ‘damning’ Commission report

Premium

NEWS: Shares in Star Entertainment Group suspended as firm awaits findings of Bell inquiry

Premium

LATEST: Australian FinCrime regulator launches investigation into UK betting firm Entain

Premium

Australian Securities and Investment Commission Chair reveals he is ‘very concerned’ over number of crypto investors in market

Premium

NEWS: Australian police charge four people with money laundering in connection with AUD$1.5M (€1M) offshore transfer

Premium

NEWS: Australian Treasury Dept. launches consultation paper on tax transparency; reveals plans to implement public beneficial ownership register

Premium

LATEST: NSW casinos to face AUD$100M (€67.8M) fines for misconduct under new reforms

Premium

Australian Police confiscate more than AUD$10M (€6.78M) in assets in international money laundering investigation

Premium

NEWS: Multinational mining company Rio Tinto hands over almost AUD$1BN (€679M) in unpaid taxes following decade-long tax dispute with ATO

...

Memorandum of Understanding between OFAC and the Swiss State Secretariat for Economic Affairs
OFAC
May 16, 2025
The Department of the Treasury's Office of Foreign Assets Control (OFAC) has published its Memorandum of Understanding with Switzerland's State Secretariat for Economic Affairs (SECO).
Crime group used light aircraft to smuggle cocaine haul to UK
National Crime Agency
May 16, 2025
A qualified pilot used his light aircraft in a bid to smuggle cocaine into the UK. Pilot Anastasios Balian, 52, and accomplice Errol McCardo Weir, 48, admitted trying to bring 30kg of the Class A drug into the country, following a National Crime Agency investigation. On 20 March this year, they were stopped by Border Force officers at North Weald airfield in Epping, Essex, after landing from Belgium via Calais. Officers searched the small plane and discovered a concealment had been built into the rear seats. Inside it were 30 1kg blocks of cocaine with a street value of about £2.4m.
£2m fine for online operator Spreadex Limited
Gambling Commission
May 16, 2025
A gambling business will pay a £2,022,000 penalty after a Gambling Commission investigation revealed Anti-Money Laundering (AML) and social responsibility failings.
Spreadex Limited – which operates from Spreadex.com – will also have to undergo a third-party audit to ensure it is effectively implementing its anti-money laundering and safer gambling policies, procedures and controls. The failures were revealed during a compliance assessment in July 2023 and relate to the operator’s Gambling Commission licence to offer casino and fixed odds betting.