As organised crime detectives in Sydney and Melbourne uncovered similar examples, the Australian Criminal Intelligence Commission began doing its own work. In late 2012, the Australian Federal Police arrested a Sydney man and charged him with laundering suspected drug funds. When federal detectives examined his financial dealings, they uncovered a $403,000 deposit into a gaming account at The Star Sydney. A report written by an overseas enforcement agency reveals that when detectives quizzed the man, he indicated these funds were bound for Suncity.
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Chau also helped these Australia-bound punters to sidestep Chinese government bans on taking more than a few thousand dollars out of the country. He came up with schemes to provide them credit in Australia, while also arranging to collect the debts they incurred in Australian casinos. Find your closest Summerland Bank branch and our friendly local team will be ready to help. A thriving community is central to our vision and how we measure success.
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- But in a statement, ACIC chief Phelan confirmed his agency was increasingly using its compulsory interrogation powers to disrupt criminal operations and had also jailed three unnamed individuals who had failed to answer questions at secret hearings.
- This list details which branches have closed, along with a corresponding fact sheet detailing the reasons why.
- Think of it as setting up your own cosy corner of the internet.
A credit card that really does live up to its name, turn every swipe into an opportunity with a Summerland Bank Rewards Credit Card. Unlock convenience and competitive rates with our range of credit cards designed with your best interests at heart. We offer a range of tailored home loans with 4 flexible options, perfectly suited to meet the needs of everyday Australians while providing a local customer service experience. Several of Chau’s companies in Australia, including the Suncity Group, had a former PricewaterhouseCoopers partner, Stanley Brogan, as a director.
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Official sources not authorised to comment publicly say ACIC investigations into https://builtofbarnwood.com/ Cheng allege he is involved in “orchestrating large-scale money-laundering activity in Australia and the sourcing and distribution of heroin both in Hong Kong and overseas”. Anti-money-laundering agency Austrac, which also has a representative on the ACIC board, warned last year in a heavily redacted report that high-roller operations were also suspected of funding foreign interference operations. With Chau now in a Macau holding cell and Suncity a shadow of its former self in Australia, it appears the secret strategy has worked. Get started online with your ID at the ready and a quick check of your personal details. Cover your liability for costs related to injuries sustained in a motor accident.
Order online from a range of products and get free delivery for orders over $100. Find out how we can help with financial hardship, domestic violence, financial abuse, gambling and more. Going beyond traditional definitions of sustainability, we prioritise growth that is ethical, responsible and doesn’t cost the earth, while delivering value for our customers. We regularly update our app to bring you new features and improvements designed to make your banking experience better. And on December 1, the Suncity high-roller travel business ceased its casino operations in Macau, the place where it all began. But having been effectively called out as an organised crime enabler in Australia, the clock was ticking on Chau.