Inside Asian Gaming

IAG MAY 2022年5月 亞博匯 48 compliance with the AML/ CTF regulatory framework and to ensure the continuous enhancement to the quality of AML/CTF reporting and commitment to AML/CTF by Crown Melbourne.” Likewise, the last regular review into The Star Sydney, completed in November 2016, referenced a compliance assessment undertaken into The Star, stating, “The casino’s responses satisfied AUSTRAC, and as a result AUSTRAC closed the compliance assessment.” On junkets, the review noted, “Part of the proper scrutiny of junkets … is knowing who are the junket representatives.AUSTRAC monitors and investigates these persons also.” However, the man who conducted the review, Jonathan Horton QC, ultimately wrote, “In conclusion, I note that in all the interviews with law enforcement and like bodies, there was no assertion made that the junket component of The Star’s business is being conducted less than honestly.” One of the issues to arise from recent inquiries has been the lack of any meaningful cooperation between AUSTRAC and state regulators, with regulators claiming to have been left in the dark on matters of AML. And yet it is these same regulatory bodies now being torn apart in Victoria and Western Australia, leaving AUSTRAC to face little scrutiny of its own. In announcing civil penalty proceedings, AUSTRAC stated FEATURES