Connect with us

National

Casino junket operators ‘exploited, infiltrated’ by crime syndicates, foreign spies – Sydney Morning Herald

Tax evasion, visa misuse, links to sanctioned entities and possible corruption are among the activities uncovered by financial crime watchdog Austrac.

Published

on

Money launderers were also exploiting casinos’ reliance on junket operators to launder dirty funds through casino bank accounts and high-roller rooms.
Junkets bring wealthy Chinese high rollers to overseas casinos and extend them credit with which to gamble, circumventing Beijing’s tight capital controls. They have become an important part of Crown Resorts and Star Entertainment’s businesses in recent years.
Junket operators have been a focus of this year’s explosive NSW Independent Liquor and Gaming…

Click here to view the original article.

Safety Mate