AUSTRAC can apply for a civil penalty order from the Federal Court of Australia. The Court may then order a reporting entity to pay money to the Commonwealth. We have applied for four civil penalty orders.
SkyCity Adelaide Pty Ltd
On 7 December 2022, AUSTRAC applied for civil penalty orders against SkyCity Adelaide Pty Ltd (Skycity) for alleged serious and systemic non-compliance with Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) laws.
Information about these proceedings includes:
The Star Pty Limited and The Star Entertainment QLD Limited (the Star Entities)
On 30 November 2022, AUSTRAC applied for civil penalty orders against The Star Pty Limited and The Star Entertainment QLD Limited (the Star Entities) for alleged serious and systemic non-compliance with Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) laws.
Information about these proceedings includes:
Crown Melbourne and Crown Perth
On 1 March 2022, AUSTRAC applied for civil penalty orders under the AML/CTF Act against Crown Melbourne Ltd and Burswood Nominees Ltd (Crown Perth).
Information about these proceedings includes:
Westpac Banking Corporation (Westpac)
In November 2019 AUSTRAC applied for a civil penalty order under the AML/CTF Act against the Westpac Banking Corporation (Westpac) for serious alleged breaches of the AML/CTF Act.
On 24 September 2020 AUSTRAC and Westpac jointly filed in the Federal Court an agreed statement of facts including agreeing on a proposed civil penalty of $1.3 billion. A hearing will be scheduled in the Federal Court in the coming months to consider the admissions and proposed penalty.
Information about this penalty includes:
Commonwealth Bank of Australia (CBA)
In August 2017 AUSTRAC applied for a civil penalty order under the AML/CTF Act against the Commonwealth Bank of Australia (CBA). On 20 June 2018 the Federal Court ordered CBA to pay a penalty of A$700 million.
Information about this penalty includes:
Tabcorp
In July 2015 AUSTRAC applied for a civil penalty order under the AML/CTF Act against Tab Ltd, Tabcorp Holdings Ltd and Tabcorp Wagering (Vic) Pty Ltd (‘Tabcorp’). On 16 March 2017 the Federal Court ordered Tabcorp to pay a penalty of A$45 million.
Information about this penalty includes:
