O’Sullivan – Financial Treason & Crime

Patrick Hatch, 25 May 2021

Crown Resorts stopped an independent review of new anti-money laundering controls early this year after preliminary findings suggested it was not complying with measures to prevent criminal infiltration of its bank accounts.

Neil Jeans, principal at the anti-money laundering consultancy Initialism, told Victoria’s royal commission into Crown on Tuesday that Crown commissioned him in early 2021 to review its recent ban on cash deposits and third-party transfers to its patron bank accounts. Continue reading “Article: Crown spiked review of new money laundering rules”

03/24/2021

Article: Commission will probe money laundering

Article - Media, Publications

Commission will probe money laundering

Elouise Fowler, 24 March 2021

The Crown Resorts royal commission in Victoria will probe deeper into whether money laundering is still happening at Crown’s flagship casino at Southbank in Melbourne, says the inquiry head, former Federal Court judge Ray Finkelstein, QC.

Commissioner Finkelstein said he was concerned the gambling giant had not faced up to its role in facilitating the criminal activity through its gaming rooms, as revealed in a scathing NSW inquiry that found the $8 billion company unfit to hold a licence at its new $2.2 billion casino in Sydney.

In his opening remarks on the first day of public hearings, Mr Finkelstein said he wrote to the gambling giant to gauge its “attitude” and to ask whether Crown accepted the findings from the NSW probe. Continue reading “Article: Commission will probe money laundering”