Quelltext der Seite Crown To Lay Down 450m For Money Laundering Breach

Casino giant Crown will pay a $450 million penalty after it failed to comply with anti-money laundering and counter-terrorism financing laws.<br> An agreement focussed on Crown Melbourne and Crown Perth has been reached with the Australian Transaction Reports and Analysis Centre.<br> It will be up to the federal court justice to hand down the agreed penalty.<br><br>A court hearing has been set down for July 10 and 11.<br> The [https://www.google.co.uk/search?hl=en&gl=us&tbm=nws&q=financial%20intelligence&gs_l=news financial intelligence] agency launched legal proceedings in March last year after its investigation identified poor governance and risk management failures at Crown.<br> In reaching Tuesday's agreement, Crown admitted to not having appropriate systems and controls in place to mitigate and manage the money laundering and  [https://planetclaimbonus.xyz/ slot gacor] terrorism financing risks.<br> The casino giant also acknowledged it did not have an appropriate transaction monitoring program and higher risk customers were not subjected to extra scrutiny.<br> Crown Resorts chief executive Ciaran Carruthers apologised for the company's failings, describing them as unacceptable.<br> "The company that committed these unacceptable, historic breaches is far removed from the company that exists today," he said.<br> Crown was committed to harm minimisation, Mr Carruthers said, and was already delivering reforms.<br> "We will continue to invest in developing a sophisticated and robust framework, supported by the right capabilities to combat this illegal behaviour," he said.<br> AUSTRAC chief executive Nicole Rose said the casino sector was at risk of exploitation by organised criminals seeking to clean their dirty money.<br> "Crown's contraventions... meant that a range of obviously high-risk practices, behaviours and customer relationships were allowed to continue unchecked for many years," she said.<br> The agency will work closely with Crown to ensure its systems were compliant and fit for purpose, Ms Rose said.<br> The Alliance for Gambling Reform welcomed the penalty, saying it was a watershed moment that highlighted the value of a national regulator.<br> But chief executive Carol Bennett said governments needed to invest more in reducing gambling harm.<br> "This $450m would fund around ten years of specialist gambling treatment, research, support for people harmed by gambling, policy development and advocacy," she said.<br> "It could also underwrite some sporting clubs and others moving away from gambling sponsorship - just as governments did when tobacco advertising was banned."<br>