Enforcement/austracCWLTH

AUSTRAC v Crown Melbourne and Crown Perth

civil penalty11 July 2023Penalty $450.00M

Respondent

Crown Melbourne Limited and Crown Perth Pty Ltd

Facts

Crown admitted to serious and systemic non-compliance with AML/CTF obligations across both venues — inadequate Part A program, failure to risk-assess customers, failure to conduct enhanced customer due diligence on high-risk customers including 60 specific individuals.

Outcome

Federal Court approved an agreed $450 million civil penalty, second-largest in Australian corporate history at the time.

Read the source

https://austrac.gov.au/news-and-media/media-release/court-imposes-450-million-penalty-crown-resorts

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