Austrac alleges in a court statement that Crown failed to properly vet risky casino customers including overseas junket operators and players.Austrac alleges in a court statement that Crown failed to properly vet risky casino customers including overseas junket operators and players.Last modified on Tue 1 Mar 2022 01.10 GMTof breaching anti-money laundering and counter-terrorism finance laws and continuing to contravene the law due to wholly inadequate oversight by management.
In a lawsuit filed with the federal court on Tuesday, Austrac, Australia’s financial intelligence agency, said ongoing failures to properly vet risky customers – including those brought in from overseas by junket operators and locals with links to people already banned from Crown’s Melbourne and Perth casinos – accounted for 547 breaches of anti-money laundering laws.Each alleged breach of the law if proven could attract a penalty of up to $22.
From March 2016, just 60 high-risk customers turned over $70bn at Crown’s casinos, pumping $1.1bn in losses into the company’s coffers, Austrac said in a concise statement filed with the court. Austrac alleges that Crown failed to do appropriate due diligence on these customers, which it said included junket operators and players, foreign politically exposed people – a category that can include government officials and their families – as well as people who had been arrested for money laundering or were suspected of being “connected to organised crime”.
The regulator alleges that “many engaged in large cash transactions and transacted with cash that appeared suspicious, including cash in plastic bags, shoeboxes or cardboard boxes, cash in rubber bands, small denominations of notes and counterfeit cash”.
So AUSTRAC is taking action against itself, crown had special visa arrangements put in place for junkets with borderforce, both are under the umbrella of home affairs and run by nutjob pezzulo.. the WA government report directly blamed borderforce and not crown for this shit.