AUSTRALIAN AUTHORITIES FIND CASINO JUNKET TOUR INDUSTRY A HAVEN FOR ORGANISED CRIME

An article from OCCRP on 16 December reported that AUSTRAC has found the country’s package tour industry a high-risk sector for money laundering, financing of terrorism and organised crime.   A junket tour is a kind of package trip where guests are taken by the tour operators to a variety of curated entertainment houses, which almost always include casinos.   In return for bringing clients to the casinos, the junket tour operators (JTO) receive commission based on the guests’ gambling activities.  More than 1,000 junket programmes exist in Australia and 61% of Australian casinos work with JTO to bring in guests, while suspicious matter reports submitted to AUSTRAC, catalogued questionable transactions by junket tour operators valued at more than $274 million.

https://www.occrp.org/en/daily/13545-australian-authorities-find-junket-tour-industry-a-haven-for-organized-crime

I had omitted the following link (as it did not seem to generate much interest!), but it seemed time to add it again and say that, if you would like to make a (polite) gesture and help me with my removal and computer costs, I have a page at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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