Laundering claims land on Crown
Crown Casino will soon be investigated over potential money laundering breaches.
AUSTRAC, the financial crimes regulator, is looking at Crown after it identified potential non-compliance with laws.
The regulator says it found “concerns in relation to ongoing customer due diligence, and adopting, maintaining and complying with an anti-money laundering/counterterrorism financing program”.
The investigation is expected to focus on Crown’s ‘high roller’ scheme, in which customers were brought to the casino by junket operators in China. Recent reports have found that Crown Melbourne has business ties to tour operators with suspected crime links.
The investigation could lead to millions of dollars in fines and threats to its casino licences.
The AUSTRAC probe comes near the end of a separate inquiry into Crown’s business practices by the NSW Independent Liquor and Gaming Authority.
The NSW inquiry has heard that the company turned a blind eye to money laundering from high roller VIPs being brought into gamble at its Perth and Melbourne casinos.
Crown says it has paused its dealings with junket operators until next year.