AUSTRAC orders audits at 2 regional casinos over AML/CTF failings, citing weak oversight and risk management, placing casino operators under increased scrutiny amid high ML risks

The move follows concerns over potential deficiencies in their AML/CTF controls, including inadequate risk assessments and board oversight. While previous enforcement has focused on major operators such as Crown Resorts and The Star, this latest action signals AUSTRAC’s intent to hold smaller gambling venues to the same regulatory standards. The development underscores AUSTRAC’s commitment to closing AML gaps…