{"id":108,"date":"2024-06-14T22:53:01","date_gmt":"2024-06-14T19:53:01","guid":{"rendered":"https:\/\/ukonlinecasinoslist.icu\/2024\/06\/14\/australian-casino-giants-face-scrutiny-over-money-laundering-allegations\/"},"modified":"2024-06-17T12:57:56","modified_gmt":"2024-06-17T09:57:56","slug":"australian-casino-giants-face-scrutiny-over-money-laundering-allegations","status":"publish","type":"post","link":"https:\/\/ukonlinecasinoslist.icu\/2024\/06\/14\/australian-casino-giants-face-scrutiny-over-money-laundering-allegations\/","title":{"rendered":"Australian Casino Giants Face Scrutiny Over Money Laundering Allegations"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/YcyrRHrJRaM\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Australias financial crime regulator, AUSTRAC, is investigating Star Entertainment Group regarding its compliance with anti-money laundering regulations. This probe could significantly impact Star&#8217;s proposed $9.4 billion acquisition of its competitor, Crown Resorts.<\/p>\n<p>Star acknowledged that AUSTRAC identified several potential breaches of its anti-money laundering and counter-terrorism financing responsibilities. The concerns appear to center around Star&#8217;s management of high-roller VIP patrons, particularly those deemed high-risk or politically connected, from 2015 to 2019.  These concerns were initially raised by AUSTRAC in 2019, specifically regarding their Sydney gaming establishment. <\/p>\n<p>Unsurprisingly, Star pledges full cooperation with the investigation. It&#8217;s important to note that Star operates the sole casino in Sydney.<\/p>\n<p>Adding another layer of complexity, Star recently launched a bid to acquire Crown Resorts, another casino powerhouse currently embroiled in its own share of scrutiny. Crown is presently under investigation, including a royal commission, regarding its business practices. <\/p>\n<p>The Australian gaming behemoth, Crown Resorts, is under fire due to accusations of illicit financial activities. Numerous inquiries are in progress to determine if their casino licenses should be revoked.<\/p>\n<p>A significant investigation is being conducted by AUSTRAC, Australia&#8217;s financial crime authority. They are meticulously examining Crown&#8217;s Perth casino, searching for proof of money laundering and potential breaches related to the funding of terrorism.<\/p>\n<p>Furthermore, AUSTRAC is scrutinizing SkyCity Entertainment Group, another prominent figure in the Australian casino industry, for comparable concerns. It appears that the odds may not be in favor of the house this time. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Australias financial crime regulator, AUSTRAC, is investigating Star Entertainment Group regarding its compliance with anti-money laundering regulations. This probe could significantly impact Star&#8217;s proposed $9.4 billion acquisition of its competitor, Crown Resorts. Star acknowledged that AUSTRAC identified several potential breaches of its anti-money laundering and counter-terrorism financing responsibilities. The concerns appear to center around Star&#8217;s [&hellip;]<\/p>\n","protected":false},"author":35,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Star Entertainment Faces AUSTRAC Probe: Threat to Crown Resorts Deal?<\/title>\n<meta name=\"description\" content=\"Is Star Entertainment\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ukonlinecasinoslist.icu\/2024\/06\/14\/australian-casino-giants-face-scrutiny-over-money-laundering-allegations\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Australian Casino Giants Face Scrutiny Over Money Laundering Allegations\" \/>\n<meta property=\"og:description\" content=\"Is Star Entertainment\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ukonlinecasinoslist.icu\/2024\/06\/14\/australian-casino-giants-face-scrutiny-over-money-laundering-allegations\/\" \/>\n<meta property=\"og:site_name\" content=\"Your Trusted Source for Licensed Online Casino News &amp; Updates\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-14T19:53:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-17T09:57:56+00:00\" \/>\n<meta name=\"author\" content=\"Chloe &quot;Cleo&quot; Turner\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Chloe &quot;Cleo&quot; Turner\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ukonlinecasinoslist.icu\/2024\/06\/14\/australian-casino-giants-face-scrutiny-over-money-laundering-allegations\/\",\"url\":\"https:\/\/ukonlinecasinoslist.icu\/2024\/06\/14\/australian-casino-giants-face-scrutiny-over-money-laundering-allegations\/\",\"name\":\"Star Entertainment Faces AUSTRAC Probe: Threat to Crown Resorts Deal?\",\"isPartOf\":{\"@id\":\"https:\/\/ukonlinecasinoslist.icu\/#website\"},\"datePublished\":\"2024-06-14T19:53:01+00:00\",\"dateModified\":\"2024-06-17T09:57:56+00:00\",\"author\":{\"@id\":\"https:\/\/ukonlinecasinoslist.icu\/#\/schema\/person\/8a7099c6966e2e8a5a2da50f3e103c8d\"},\"description\":\"Is Star Entertainment\",\"breadcrumb\":{\"@id\":\"https:\/\/ukonlinecasinoslist.icu\/2024\/06\/14\/australian-casino-giants-face-scrutiny-over-money-laundering-allegations\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ukonlinecasinoslist.icu\/2024\/06\/14\/australian-casino-giants-face-scrutiny-over-money-laundering-allegations\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ukonlinecasinoslist.icu\/2024\/06\/14\/australian-casino-giants-face-scrutiny-over-money-laundering-allegations\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/ukonlinecasinoslist.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Australian Casino Giants Face Scrutiny Over Money Laundering Allegations\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ukonlinecasinoslist.icu\/#website\",\"url\":\"https:\/\/ukonlinecasinoslist.icu\/\",\"name\":\"Your Trusted Source for Licensed Online Casino News &amp; Updates\",\"description\":\"Immerse yourself in the dynamic world of online gambling with the help of our fresh news, honest game reviews, and informative insights. 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