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Bangkok Post
Bangkok Post
Business

Australian casino group fined US$290m for lax controls

Australia's Crown Resorts has agreed to pay a civil penalty of US$290 million for breaches of anti-money laundering and anti-terrorism financing legislation at two of its casinos. (Photo: AFP)

SYDNEY: Australia's Crown Resorts is set to pay a civil penalty of A$450 million (US$290 million) for lax money laundering controls that saw cash being carried into a casino in paper bags, shoe boxes and suitcases.

Crown admitted failing to take appropriate measures to spot and prevent money laundering and terrorism financing at its Melbourne and Perth casinos, in an agreement announced Tuesday by the casino group and the government's financial crime body.

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