Published 11 months ago

Crown agrees to pay $450 million penalty over breaches

Summary by Ground News

Crown Melbourne and Crown Perth confirmed they had reached an agreement with the Australian Transaction Reports and Analysis Centre (AUSTRAC) The agreement is however subject to Federal Court approval at a hearing on July 10 and 11. Crown Resorts chief executive Ciar�n Carruthers apologised for the "historical failings" of the past.

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The Guardian

Crown to pay $450m penalty after failing to comply with anti-money laundering laws

Crown casino and Austrack agree to penalty, which still must be approved by court Follow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastCasino giant Crown has agreed to pay a $450m penalty after it failed to comply with anti-money laundering and counter-terrorism financing laws.Crown Melbourne and Crown Perth on Tuesday confirmed it had reached the agreement with the Au…

11 months ago·London, United Kingdom

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Sydney Morning Herald

Crown agrees to pay $450 million penalty over breaches

Crown Resorts have agreed to pay a $450 million fine over breaches of anti-money laundering and counter-terrorism financing laws.

11 months ago·Sydney, Australia

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ABC Australia

Crown Resorts and AUSTRAC agree to $450 million fine over money laundering breaches

Crown Resorts and government financial intelligence agency AUSTRAC agree to a $450 million penalty over historical non-compliance with Australia's anti-money laundering laws.

11 months ago·Australia

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PerthNow

Crown to pay $450m penalty for money laundering breach

Crown has reached an agreed penalty after it breached the anti-money laundering and counter-terrorism financing act.

11 months ago·Perth, Australia

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7NEWS Australia

Crown cops huge penalty over money-laundering breach

The gaming group has reached an agreement over its multimillion-dollar penalty for breaching the anti-money laundering and counter-terrorism financing act.

11 months ago·Australia

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WTVB

Crown Resorts and Australian regulator agree to $294 million penalty

(Reuters) - Crown Resorts has agreed to a A$450 million ($294 million) penalty after it failed to prevent money laundering and criminal activity at its casinos, Australia's financial crime regulator said on Tuesday. In reaching the agreement, Crown has admitted that it operated in breach of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act), AUSTRAC said. Crown Melbourne and Crown Perth casinos failed to appropr…

11 months ago

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