Episode Details

AUSTRAC intensifies anti-money laundering efforts, focusing on Bankstown Sports Clubs poker machines. The club must undergo an external audit to ensure robust anti-money laundering systems. This move follows Mounties admission of laundering $226 million through their machines. Clubs and pubs are crucial in combating money laundering, as criminals can easily disguise illegal cash as gambling winnings. AUSTRACs acting chief emphasizes the need for clubs to understand risks, have solid controls, and report suspicious activities.

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