Crown Resorts could end up paying one of the largest financial penalties in corporate gambling history after agreeing to a $450 million fine for breaches of anti-money laundering and counter-terrorism laws.
The financial crime watchdog, AUSTRAC, and Crown filed joint submissions with the Federal Court proposing the penalty for contraventions at its Melbourne and Perth casinos. The $450 million penalty, if approved, would be the highest paid by a casino globally.
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Zoe Samios covers wagering and the business of sport from the AFR's Sydney newsroom. She was previously the media and telecommunications reporter for The Sydney Morning Herald and The Age, and covered media at The Australian. Connect with Zoe on Twitter. Email Zoe at zoe.samios@afr.com
