A Fourth Estate® Service

Saturday, January 23, 2021

Australian Casino Operator Faces Counter-Terrorism and Anti-Money Laundering Probe

Crown Resorts, an Australian casino operator, is being investigated for potential breaches of counter-terrorism financing laws and anti-money laundering.

Crown Resorts, an Australian casino operator, is being investigated for potential breaches of counter-terrorism financing laws and anti-money laundering.

According to the Australian Stock Exchange, Australia’s financial crime regulator has already contacted the company.

Crown Resorts currently have casinos in Perth and Melbourne, and is building one in Sydney.

Crown would face millions of dollars in fines and threats to its casino licenses, if the company is proven to be guilty of these breaches. 

The company has allegedly brought in high-roller gamblers from China and it has business ties to tour operators with suspected crime links in Asia.

Australian Transaction Reports and Analysis Centre (Austrac), the regular, is yet to comment on Monday’s announcement regarding those allegations.

Crown said that they would fully cooperate with the investigation. 

James Packer, Crown’s former chief executive, was among those who gave a testimony earlier this month. 

The investigation has been exposed less than a month after another Austrac probe, which led to the Westpac bank to pay one of the largest civil penalties in Australian corporate history as it made 23 million law breaches.

Article © 2020 Fourth Estate® — All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.

Recent Articles

Syrian State Media Claims Israeli Airstrike Kills Family of 4, Including 2 children; Four Others Wounded

A family of four, including two children, were killed after Israeli warplanes fired missiles that targeted central Syria early Friday.A family of four, including...

Chinese Gold Miners to Stay Trapped Underground for More Than Two Weeks

Rescue teams said on Friday that it could take them at least 15 days to rescue the Chinese miners who have been trapped under...

Lloyd Austin Confirmed as Defense Secretary

The US Senate has confirmed Lloyd Austin as Defense Secretary.The US Senate has confirmed Ret. Gen. Lloyd Austin as Defense Secretary. The Senate voted 93-2...

Hadson (Toko) Trading Co., Inc. Recalls Mini Cup Jelly due to Potential Choking Hazard

Hadson (Toko) Trading Co., Inc. of Maspeth, NY recalled Eishindo Mini Cup Jelly due to it being a potential choking hazard. Hadson (Toko) Trading...

Atlanta Braves Legend Henry Louis “Hank” Aaron,86, Dies

Baseball Hall of Famer and one-time home run king Atlanta Braves legend Henry Louis “Hank” Aaron passed away Friday at the age of 86Baseball...

Get the Daily NewsBrief in your inbox

Related Stories