Tabcorp It Did Not Always Keep Austrac In The Loop (update)

"Notifications were not made to AUSTRAC in all cases," new statement acknowledges

Referring to the civil action filed against it this week by the Australian Transaction Reports and Analysis Centre (see previous InfoPowa reports), the Australian gambling group Tabcorp issued a further statement Friday acknowledging that it had not kept watchdog advised of its activity in some cases.
The statement reads:
"The Statement of Claim includes matters which have been raised by and discussed with AUSTRAC over an extended period. Tabcorp has been actively managing these matters in consultation with AUSTRAC, and continues to work on resolving them as a priority.
"Tabcorp notes that the specific matters referred to by AUSTRAC in the Statement of Claim were, at the time of occurrence and where appropriate, reported to the relevant Gambling Regulators and Police Authorities.
"Notifications were not made to AUSTRAC in all cases.
"Tabcorp acknowledges the matters raised by AUSTRAC and is committed to ensuring they are resolved."

Online Casino News Courtesy of Infopowa

About the Author... Total Posts Written: 9,449


The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.

See More Posts