Crown Resorts Limited (ASX: CWN) (Crown) has been informed by Austrac’s Regulatory Operations branch that it has identified potential non-compliance by Crown Melbourne Limited (Crown Melbourne) with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 and the Anti- Money Laundering and Counter-Terrorism Financing Rules 2007.
The potential non-compliance includes concerns in relation to ongoing customer due diligence, and adopting, maintaining and complying with an anti-money laundering / counter-terrorism financing program.
These concerns were identified in the course of a compliance assessment that commenced in September 2019 and focussed on Crown Melbourne’s management of customers identified as high risk and politically exposed persons.
The matter has been referred to Austrac’s Enforcement Team, which has initiated a formal enforcement investigation into the compliance of Crown Melbourne.
Crown Melbourne will respond to all information requests in support of the investigation and fully co-operate with Austrac in relation to this process.