Anti-Financial Crime & Financial Crime Compliance
Leadership | Insight | Network

Asia-Pacific, Compliance News, Gaming

Cash to be phased out at Australia’s major casinos in bid to stop the flow of dirty money through gaming industry

By Dan Byrne for AMLi

CASH IS TO BE banned at the two Casinos operating in Sydney as part of the efforts to take the money laundering risk out of Australian gambling.

The new rule comes from the Independent Gaming and Liquor Authority (IGLA) and affects the Star Casino and Crown Casino in downtown Sydney. Both businesses are understood to have agreed to the change Thursday.

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!