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Crown Australia’s chief financial officer says high-profile former executives shared the blame for not stamping out money laundering through a casino bank account used by overseas gamblers. ....
Pressed on whether any other executive had seen 2015 media articles detailing the People’s Republic’s crackdown on international casinos, Alexander said other execs of the company, including one board member, were aware of the potential dangers that ultimately led to arresting of the 19 employees of the company. He called it a ‘failure of information’ flow upwards. Alexander also demonstrated ignorance when asked if the company’s management had told its employees to tell Chinese authorities that they were not visiting China for work. He further claimed that former managing director Rowan Craigie had assured the board that the company’s Chinese operations were in accordance with the local law. ....
May 25, 2021 In the southern Australian state of Victoria and the royal commission investigating the license suitability of casino operator Crown Resorts Limited has reportedly heard damning evidence regarding the firm’s stance on allegations of money laundering. According to a report from News Corp Australia, the Melbourne-headquartered company was denied a casino license for its new Crown Sydney property in February after an official probe commissioned by the New South Wales Independent Liquor and Gaming Authority determined that it may have been complicit in a slew of money laundering offenses tied to its use of foreign junket firms. The source detailed that this prompted the government for the neighboring state of Victoria to initiate an analogous examination looking into the operator’s license for the giant Crown Melbourne development. ....
Brennan could be the man to sort out Crown We’re sorry, this service is currently unavailable. Please try again later. Dismiss Normal text size Mark Brennan must have been running hot over the weekend. That’s because Bendigo boy Brennan has just the CV that makes him the ideal man for the job of independent sessional commissioner at the Victorian Commission for Gambling and Liquor Regulation. In other words, Victoria’s answer to NSW commissioner Patricia Bergin, whose spectacular carriage of the NSW inquiry culminated in her finding that Crown was not suitable to hold a gaming licence for its new Barangaroo operation. Now that Premier ....