[New post] Crown and AUSTRAC agree $450m fine

roymorgansocial posted: "Original article by Zoe Samios The Australian Financial Review - Page: 15 & 22 : 31-May-23 A Federal Court hearing is scheduled for mid-July to consider a proposed settlement between Crown Resorts and Austrac over breaches of anti-money laundering an" ABIX Crown and AUSTRAC agree $450m fine roymorgansocial May 31 Original article by Zoe Samios The Australian Financial Review - Page: 15 & 22 : 31-May-23 A Federal Court hearing is scheduled for mid-July to consider a proposed settlement between Crown Resorts and Austrac over breaches of anti-money laundering and counter-terrorism financing laws. Crown has agreed to pay a fine of $450m, which would be the amongst the highest penalties imposed in Australia's corporate history, and the largest incurred by a casino operator anywhere in the world. Crown has also agreed to a number of admissions, including failing to appropriately assess the money laundering and terrorism financing risks that its casinos faced. CORPORATES CROWN RESORTS LIMITED, AUSTRALIA. ATTORNEY-GENERAL'S DEPT. AUSTRALIAN TRANSACTION REPORTS AND ANALYSIS CENTRE, FEDERAL COURT OF AUSTRALIA Comment You can also reply to this email to leave a comment. Unsubscribe to no longer receive posts from ABIX. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: http://abix.com.au/2023/05/31/crown-and-austrac-agree-450m-fine/

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