Australia’s financial crime watchdog is investigating possible money laundering and other breaches at Crown Resorts’ Melbourne operation.
AUSTRAC has told the gaming and hotel group it has identified potential non-compliance of anti-money laundering and counter-terrorism financing laws.
This includes issues relating to customer due diligence and compliance with an anti-money laundering and counter-terrorism financing program.
The concerns were first identified during a compliance assessment in September 2019 focused on Crown Melbourne’s management of customers identified as high risk.
“Crown Melbourne will respond to all information requests in support of the investigation and fully co-operate with AUSTRAC in relation to this process,” the stock exchange-listed Crown said in a statement on Monday.
Crown is already the subject of an inquiry by the NSW Independent Liquor and Gaming Authority into its fitness to hold a gaming licence to operate the new Crown casino at Barangaroo near the Sydney CBD.
That hearing resumes on Tuesday to hear more testimony from Crown chair Helen Coonan.