However, the plan was subject to approval by the Federal Court. In May, Crown and the financial crime regulator said they had struck a deal for Crown to pay a $450 million fine over two years. Interest-free $450m payment on 'lower end', judge says Some were later found to be major criminal figures.Ĭrown's fine ranks behind payments made by Westpac ($1.3 billion) and the Commonwealth Bank ($700 million) for breaches of anti-money laundering and counter-terrorism financing laws. The company was found to have committed at least 546 breaches of the Anti-Money Laundering and Counter-Terrorism Financing Act, between 20.Īmong its failings, Crown did not carry out suitable due diligence on 505 high-risk players, who gambled tens of billions in VIP rooms. On Tuesday, the Federal Court ordered the gambling giant to pay $450 million for breaches of money laundering laws.Ĭrown has admitted its casinos in Melbourne and Perth did not have proper systems to monitor "high risk" gamblers and junket tours, some of whom had links to organised crime syndicates.
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