Storm Clouds gathering over Crown, amid new probe by AUSTRAC
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The board of Crown Resorts have had a difficult fortnight with a high-stakes inquiry continuing to uncover poor oversight of money-laundering risks and links to organized crime. Now the financial crimes regulator AUSTRAC has announced its decision to launch their own investigation into Crown for potential breaches of Australia’s anti-money laundering and counterterrorism financing laws. The gaming giant’s license to operate its new casino in Sydney’s Barrangaroo is very much in jeopardy.
Tina Quinn spoke with the Australian Financial Review’s Chanticleer Columnist, James Thomson about these latest developments.
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