Crown casinos reach draft Au$450m settlement for AML failings with AUSTRAC

Crown Melbourne and Crown Perth, casinos in the Crown Resorts group, have agreed with AUSTRAC, Australia's financial intelligence unit, to pay a Au$450m (US$292m) penalty over wide-ranging breaches of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006.

Crown Melbourne and Crown Perth, casinos in the Crown Resorts group, have agreed with AUSTRAC, Australia's financial intelligence unit, to pay a Au$450m (US$292m) penalty over wide-ranging breaches of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006. [1]