Casino operator Crown could be forced to fork out almost half a billion dollars for failing to guard against money laundering and terrorism financing at its Melbourne and Perth casinos.
The financial crime watchdog AUSTRAC and Crown jointly filed in the Federal Court that the casino operator should pay a $450 million penalty for 546 breaches of anti-money laundering laws.
If paid, the fee – which also relates to breaches in counter-terrorism laws – would be the largest fine paid by a casino globally, and relates to operations at Crown’s Melbourne and Perth casinos.
