Australian casino operator Crown Resorts has revealed that it is being investigated over possible breaches of anti money laundering and counter-terrorism financing laws.
Regulator AUSTRAC has identified potential non-compliance and has now started a formal enforcement investigation, Crown announced to the stock market today.
Crown, which has casinos in Melbourne and Perth, is already facing a separate inquiry into its licenses and questions over how it brought in “high-roller” gamblers.
Referring to the AUSTRAC investigation, a Crown Resort spokesperson said: “The potential non-compliance includes concerns in relation to ongoing customer due diligence, and adopting, maintaining and complying with an anti-money laundering / counter-terrorism financing programme.
“These concerns were identified in the course of a compliance assessment that commenced in September 2019 and focused on Crown Melbourne’s management of customers identified as high risk and politically exposed persons.
“Crown Melbourne will respond to all information requests in support of the investigation and fully co-operate with AUSTRAC in relation to this process.”
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