Tuesday, May 30, 2023

Crown Resorts casino empire and financial crime agency AUSTRAC strike deal on $450 m penality for money laundering breaches

The Crown Resorts casino empire is bracing for a $450 million fine that's been negotiated with the financial crime agency AUSTRAC.

The proposed penalty - if signed off by the Federal Court - would be one of the biggest in Australian corporate history and ends damaging legal action over anti money laundering breaches and evidence of links with criminal gangs.

Will this fine erase the blemish left by the previous owners?

My analysis on the PM program



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