April 27 2016
The Federal Government’s financial intelligence agency, AUSTRAC, has filed a further sixty-one alleged contraventions against Tab Limited, Tabcorp Holdings Limited and Tabcorp Wagering (Vic) Pty Limited adding to current civil penalty court proceedings. AUSTRAC CEO, Paul Jevtovic, said the additional alleged contraventions related to information that had come to light after the initial civil penalty action was launched last year – bringing the total number of alleged contraventions to 236.
“This ongoing investigation into Tabcorp’s extensive, significant and systemic non-compliance with Australia’s money laundering and counter-terrorism financing (AML/CTF) legislation has resulted in these additional allegations. “These allegations, while similar to those filed by AUSTRAC last year, are serious and reflect a systemic pattern of non-compliance over a number of years,” he said.
“Our AML/CTF regime is designed to protect the integrity of the financial sector and to prevent criminals from laundering dirty money through our financial system.