Crown chairman Helen Coonan admits casino ‘facilitated’ money laundering
Mostafa Rachwani, 20 October 2020
The Crown Resorts chairman, Helen Coonan, has admitted the company facilitated money laundering at its Melbourne casino but denied it was “turning a blind eye” to criminal activity instead blaming it on “ineptitude”.
The concession was made at the New South Wales Independent Liquor and Gaming Authority’s inquiry into Crown’s suitability to hold a Sydney casino licence.
Coonan was asked on Tuesday about Crown’s relationship with SunCity, a high-roller junket partner with alleged criminal links. She was challenged on why Crown did not shut down SunCity’s private room in Melbourne after evidence emerged of money laundering. Continue reading “Article: Crown chairman Helen Coonan admits casino ‘facilitated’ 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”