Mounties Club Laundered $226M, Faces AUSTRAC Lawsuit

0:00Sydney's Mounties Club, one of the biggest in the city, led 13 high-rollers Launder $226 million through its poker, machines over five years. These folks claim jobs like house-wise, retirees, childcare workers, and tradies, but dropped insane amounts, like 40 million from one so-called. Homemaker averaging 39,000 per visit. Staff spotted red flags everywhere, from players stuffing cash with no-real gambling to handing out bundles of notes, but management ignored them too. Keep value customers happy. One duty manager even admitted skipping paperwork on a warning because they didn't want to upset a big spender. Communities and regulators are furious, since this cash flow was over half the club's poker revenue from those venues. Mounties operates nine spots in western Sydney and beyond, and these Launderers got perks like VIP lounges and free tickets while risks piled up. Now Ostrich is suing in federal court over anti-money laundering failures, with Mounties admitting in docs they downplay dangers, fake checks, and rarely kicked out suspects.

1:05The only acted after regulators demanded answers, and the real number of Launderers is probably way higher. Mounties says they've overhauled compliance with their own team and cut third-party reliance, cooperating fully to avoid massive fines per breach. This could shake up how all Sydney clubs watch for dirty money on the floor. In the news today, powered by AI bringing you what matters, I'm Corey with The Story.