This morning, Crown Resorts received a $450 million penalty for money laundering breaches at its Melbourne and Perth casino location.
The Australian Transaction Reports and Analysis Centre, known as AUSTRAC, will use this money to maintain and ensure policy is being implemented in Australian casinos. As to whether or not Crown’s public representations of regret will result in changes of conduct, we will have to wait and see.
Image: Image: Shutterstock, Crown Casino Melbourne, Australia
Produced By: Julia Schmidt
Featured In Story: Dr Derwent Coshott, Senior Lecturer at the University of Sydney Law School
First aired on The Wire, Tuesday 30 May 2023