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AUSTRAC claim Crown Resorts laundered A$69BN (€46BN)

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By Alisha Houlihan for AMLi

Australian Transaction Reports and Analysis Centre (AUSTRAC), has filed a civil claim against Australia’s largest casino operator, Crown Resorts, alleging A$69BN (€47BN) was laundered through the business over five years.

A 900-page statement of claim detailed extensive money laundering and failures to report suspicious activities to the financial intelligence unit (FIU).

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NEWS: Thales, Europe’s largest defence technology company, faces bribery probe from UK’s SFO

BREAKING: UK sanctions trio of wealthy oligarchs in new campaign against dirty money

INSIGHT: Corporate secrecy ‘scourge’ in fight against fincrime, time for fully public BO registers, says Financial Times

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