What Australian Casino Is Guilty in Money Laundering?

A popular casino in Australia has been under investigation for suspicion of money laundering. The country’s financial crime regulator has stated that the well-known casino operator Star Entertainment Group possibly broke the anti-money laundering laws. Find more casino news not to miss any updates.

Money laundering was one of the dominant issues in the worldwide gambling industry in 2021. And some of the markets have still been doing their best to minimize this violation.

The Australian gambling sector has been under regulatory action against law-breaking during the latest year. And in June 2021, the Australian Transaction Reports and Analysis Centre got interested in the popular Star casino.

As was mentioned in the local media, the Star operator couldn’t protect the consumers from the fraud. Money laundering was another issue that accused the investigation and the additional attention from the authorities.

The regulator will check other companies on violations, as well. Crown Resorts has become one of them.

The Australian gambling market has fallen by 1%, and at the same time, Star’s shares aren’t as profitable as they were before (around a 1.7% fall).

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