Money-laundering and other conduct concerns among casinos have reignited a global focus on compliance, risk culture and anti-money laundering and counter-terrorism financing (AML/CTF) in the gaming industry.
Several jurisdictions have amped up their enforcement efforts in this regard, some going so far as to treat money laundering in casinos as a threat to financial stability more generally. The Australian Transactions and Reports Analysis Centre (AUSTRAC), for instance, recently filed a lawsuit against Crown Resorts for failure to fulfill its anti-money laundering obligations, leaving Australia's financial system “vulnerable to criminal exploitation.”
This content is available to paid Members of Starling Insights.
If you are a Member of Starling Insights, you can sign in below to access this item.
If you are not a member, please consider joining Starling Insights to support our work and get access to our entire platform. Enjoy hundreds of articles and related content from past editions of the Compendium, special video and print reports, as well as Starling's observations and comments on current issues in culture & conduct risk management.
Join The Discussion