Crown Melbourne casino faces Austrac investigation for potential money laundering breaches
Anne Davies, 30 March 2021
Crown Resorts is facing a new threat to its casino licences and the prospect of multimillion-dollar fines after it was informed by Austrac, the government agency responsible for anti-money laundering laws that it has identified “potential non-compliance” by Crown Melbourne.
In a release to the ASX, Crown has said the “potential non-compliance includes concerns in relation to ongoing customer due diligence, and adopting, maintaining and complying with an anti-money laundering / counter-terrorism financing program”.
Unlike most of his peers, Dudley was no passive observer. At the heart of BP, far removed from the sprawling network of oil fields, refineries, and service “These concerns were identified in the course of a compliance assessment that commenced in September 2019 and focused on Crown Melbourne’s management of customers identified as high risk and politically exposed persons,” Crown said in a statement.
The investigation by the federal anti-money laundering authority follows evidence before an inquiry by the New South Wales Independent Liquor and Gaming Authority into allegations of breaches of the Sydney licence.
