Former compliance manager Troy Stolz has revealed he is battling bone and esophagus cancer in the lead-up to his Federal Court fight against ClubsNSW. The court issued a restraint order against Mr Stolz last year and also ordered him to pay 60 per cent of ClubsNSW’s costs after the association took action against him for allegedly revealing confidential information in breach of confidentiality, post-employment. The matter is still before Judge Yates in the Federal Court.
Mr Stolz’s cross-claim against ClubsNSW for bullying, harassment, defamation, sham contracting and underpayments is due for mention before Justice Goodman in the Federal Court this week and listed for hearing in December.
Mr Stolz revealed his cancer battle via social media this week.
The news also follows a recent NSW Government report, the details of which were published by News Corp, that 178 NSW pubs and clubs throughout Sydney were being used to launder millions of dollars in cash.
The report was the result of a seven-week operation, part of an anti-money laundering project conducted by the Independent Liquor and Gaming Authority (NSW Liquor & Gaming), the NSW Crime Commission and the Australian Criminal Intelligence Commission.
The chairman of the NSW gaming regulator called for a royal commission-style inquiry into poker machine money laundering late last year.
This is on top of the news this week that Star Entertainment Group is considered “not suitable” to hold a licence for its Sydney casino. Naomi Sharp SC, counsel assisting the gaming regulator inquiry into The Star, made that assessment after saying that the casino’s procedures included “unethical behaviour” within the legal team, a casino VIP team that was “not properly supervised” and “serious failures” in The Star’s risk management frameworks.
In Victoria, a record $80-million fine was handed down to Crown Resorts by the Victorian Gambling and Casino Control Commission over the illegal transfer of funds from China.
The Victorian gaming regulator launched disciplinary proceedings after its royal commission into Crown Resorts found the use of Union Pay cards allowed patrons to illegally transfer cash from mainland China.
AUSTRAC is working with pubs and clubs that operate EGMs to assist them to mitigate and manage their money laundering and terrorising financing (ML/TF) risks.
Use this AUSTRAC guide to gain a thorough understanding of your obligations.