Crown Resorts Sued Over Money-Laundering Risk

Crown Resorts still doesn’t have suitable anti-money laundering controls in place, having allegedly pocketed $1 billion in revenue from “high-risk” VIP customers without checking the source of their money since 2016, The Age reported.

Australia’s financial crimes regulator has launched a civil action in the Federal Court against the casino group seeking penalties for “serious and systemic non-compliance” with anti-money-laundering laws.

Read the full report: The Age

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Tags: Australia

George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.