AUSTRAC Brings Court Action Against Pokies Giant Mounties

AUSTRAC brings court action against pokies giant Mounties

Save (0) Please login to bookmarkClose Username or Email Address Password Remember Me AUSTRAC has launched proceedings against gaming club group Mounties, alleging the company engaged in serious and systemic non-compliance with anti-money laundering and counter terrorism financing laws. Subscribe to Lawyerly to access this article.Already a subscriber? Username or Email Address Password Remember Me Lost your…

NEWS: Australian gambling giant Mounties taken to court over alleged AML breaches - AML Intelligence

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AUSTRAC launches civil proceedings against Mounties

AUSTRAC has launched Federal Court civil penalty proceedings against Mounties for alleged serious and systemic non-compliance with Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) laws. AUSTRAC alleges that Mounties contravened the AML/CTF Act, providing gaming services to its customers in circumstances where it had not adopted and maintained an AML CTF program in compliance with the AML/CTF Rules. AUSTRAC CEO Brendan …

AUSTRAC launches Federal Court action against clubs giant Mounties for alleged serious and systemic non-compliance with AML laws

Australian AML watchdog AUSTRAC has launched Federal Court civil penalty proceedings against one of the country’s largest clubs, Mount Pritchard District and Community Club – better known as Mounties – for alleged serious and systemic non-compliance with the country’s anti-money laundering and counter-terrorism financing (AML/CTF) laws. In a statement issued Wednesday, AUSTRAC alleged that Mounties contravened the AML/CTF Act by providing gaming…