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The Star allowed China UnionPay card holders to sidestep AML rules, Australian inquiry told

By James Panichi ( August 26, 2022, 06:30 GMT | Insight) -- High-rolling gamblers using China UnionPay credit cards at The Star casinos in the Australian state of Queensland were able to sidestep Chinese currency-limit restrictions and Australian bank anti-money laundering safeguards by debiting funds to the casino’s hotel, an inquiry has heard. According to evidence presented to an independent review of The Star’s operations in the state, casino patrons were then able to have the funds transferred from the hotel to the casino, despite concerns from the National Australia Bank, which supplied the terminals used for the transfers.High-rolling gamblers using China UnionPay credit cards at The Star casinos in the Australian state of Queensland were able to sidestep Chinese currency-limit restrictions and Australian bank anti-money laundering safeguards by debiting funds to the casino’s hotel, an inquiry has heard....

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