Crown still exposed to money laundering
Gus McCubbing, 26 May 2021
Crown faced pushback after cutting by half the length of a historical review into the presence of money laundering in its bank accounts, a royal commission has heard.
Provisional results from the review show indications of money laundering as recently as February, an inquiry into whether Crown remains suitable to keep its licence for its Melbourne operations was told on Wednesday. Continue reading “Article: Crown still exposed to money laundering”
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”. Continue reading “Article: Crown Melbourne casino faces Austrac investigation for potential money laundering breaches”