Enforcement/austracCWLTH

AUSTRAC v Tabcorp

civil penalty16 Mar 2017Penalty $45.00M

Respondent

Tabcorp Holdings Ltd

Facts

AUSTRAC alleged Tabcorp had systemic AML/CTF compliance failures over 5+ years.

Outcome

$45M penalty — at the time, largest AUSTRAC penalty.

Read the source

https://austrac.gov.au/news-and-media/media-release/

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