Austrac has launched court action accusing James Packer’s Crown Resorts of 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.
