The corporate regulator has told about 10 former Crown Resorts directors and senior executives they will not face charges for breaching director duties, on the same day as AUSTRAC sued the gaming giant over allegations that “high-risk” VIP patrons churned through more than $70 billion through its casinos.

The Joe Longo-led Australian Securities and Investments Commission told the former top executives it would not take them to court, following an investigation into whether they personally may have breached their obligations under the Corporations Act while they presided over the James Packer-backed casino empire.