{"id":159,"date":"2024-06-17T07:00:07","date_gmt":"2024-06-17T04:00:07","guid":{"rendered":"https:\/\/lionslotsnodepositbonuscodes.icu\/2024\/06\/17\/australian-casino-giant-star-entertainment-under-scrutiny-for-potential-money-laundering-violations\/"},"modified":"2024-06-20T16:59:04","modified_gmt":"2024-06-20T13:59:04","slug":"australian-casino-giant-star-entertainment-under-scrutiny-for-potential-money-laundering-violations","status":"publish","type":"post","link":"https:\/\/lionslotsnodepositbonuscodes.icu\/2024\/06\/17\/australian-casino-giant-star-entertainment-under-scrutiny-for-potential-money-laundering-violations\/","title":{"rendered":"Australian Casino Giant Star Entertainment Under Scrutiny for Potential Money Laundering Violations"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/JN_yYwco020\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>News agency Reuters says Australian gaming company Star Entertainment Group is facing scrutiny. The Australian financial watchdog, AUSTRAC, believes Star Entertainment may have broken anti-money laundering regulations, potentially putting their enormous $9.4 billion offer to buy competitor Crown Resorts at risk.<\/p>\n<p>Star Entertainment recognized AUSTRAC&#8217;s worries, indicating they stem from possible violations of Australia&#8217;s Anti-Money Laundering and Counter-Terrorism Financing Act 2006 and Rules 2007.  AUSTRAC initially flagged these concerns in 2019, concentrating on Star Sydney&#8217;s handling of high-risk and politically sensitive patrons from 2015 to 2019.  The regulatory body is especially interested in Star&#8217;s due diligence practices, anti-money laundering and counter-terrorism financing initiatives, and overall adherence.<\/p>\n<p>AUSTRAC is dedicated to a comprehensive inquiry, and Star Entertainment pledges full cooperation. This probe adds another complication to Star&#8217;s proposed acquisition of Crown Resorts, which is itself entangled in multiple investigations and a royal commission examining its own casino activities. The results of AUSTRAC&#8217;s investigation could significantly impact the trajectory of both corporations.<\/p>\n<p>Early accounts of illicit finance accusations aimed at Crown Resorts have initiated numerous inquiries by regulatory bodies, who are evaluating the company&#8217;s continued eligibility to retain its gaming permit.  The Australian Transaction Reports and Analysis Centre (AUSTRAC) has broadened its scrutiny of Crown to encompass its Perth gaming establishment, commencing a formal enforcement inquiry into possible violations of anti-money laundering and terrorism financing regulations.<\/p>\n<p>This regulatory agency is concurrently examining SkyCity Entertainment Group regarding comparable apprehensions about potential infringements of anti-money laundering and terrorism financing statutes at its Australian gambling venues. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>News agency Reuters says Australian gaming company Star Entertainment Group is facing scrutiny. The Australian financial watchdog, AUSTRAC, believes Star Entertainment may have broken anti-money laundering regulations, potentially putting their enormous $9.4 billion offer to buy competitor Crown Resorts at risk. Star Entertainment recognized AUSTRAC&#8217;s worries, indicating they stem from possible violations of Australia&#8217;s Anti-Money [&hellip;]<\/p>\n","protected":false},"author":10,"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 in Hot Water: Money Laundering Probe Threatens Crown Resorts Deal<\/title>\n<meta name=\"description\" content=\"Is a massive $9.4 billion deal in jeopardy? Australian gaming giant Star Entertainment Group is under fire for potential anti-money laundering breaches, putting their proposed acquisition of Crown Resorts in question. 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