Mosiac, the struggling company that owns womenswear brands Noni B, Katies, Autograph and more, said on Friday it needed to resolve a number of matters prior to the finalisation of its results and anticipated lodging them by the end of September. The NSW regulator’s chief commissioner, Philip Crawford, said the latest Bell report validated concerns that prompted the second inquiry, highlighting a company that had not moved fast enough to address previously aired governance and cultural issues.
Shares in the company were placed in a trading halt on Friday because of the public release of the findings from a damning inquiry into a litany of failures within the billion-dollar gambling firm’s operations. Its Sydney licence remains suspended after a first inquiry found damning evidence of anti-money laundering and counter-terrorism failings, although it has been allowed to keep the casino operating with a regulator-appointed manager.
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If you liked this post and you would like to obtain extra information regarding BK8 kindly stop by the internet site. But the second Adam Bell-led inquiry declared in its report the period since the last findings in 2022 had been “marked by lost opportunities and missteps”, including four significant compliance breaches.