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Federal Court of Australia orders Crown Melbourne and Crown Perth to pay a $450 million penalty over two years after AUSTRAC launched civil penalty proceedings against them AML offences

by Jyotsna Bucktowar | Jul 11, 2023

As part of the settlement, Crown admitted that it operated in contravention of the AML/CTF Act, including that Crown Melbourne and Crown Perth’s AML/CTF programs were not based on appropriate risk assessments, did not have appropriate systems and controls to...

Federal Court of Australia orders Crown Melbourne and Crown Perth to pay a $450 million penalty over two years after AUSTRAC launched civil penalty proceedings against them AML offences

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