Second anti-money laundering unit formed to crack down on ‘high-risk’ Australian gambling industry

Watchdog has warned industry officials it had identified serious non-compliance in a number of businesses'

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Australia's financial crime watchdog has launched a second specialist unit in response to the increasing threat of money laundering within the gambling industry, which insiders acknowledge is a high risk".

The Australian Transaction Reports and Analysis Centre (Austrac) briefed gambling industry officials on the new unit at the Regulating the Game conference in Sydney this week, warning it had identified serious non-compliance in a number of businesses".

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