[ad_1]
CROWN’S MOUNTING FINES:
* June 2023: $20m fine
– For wrongly claiming tax deductions by including the costs of certain promotional activities as amounts paid out as winnings and seeking to deliberately conceal their nature
– The practice was uncovered during Victoria’s 2021 royal commission into Crown’s Melbourne operations
– Fine imposed by the Victorian Gambling and Casino Control Commission
* May 2023: $450m fine
– For failing to comply with anti-money laundering and counter-terrorism financing laws
– Fine agreed to with the Australian Transaction Reports and Analysis Centre
– The financial intelligence agency launched legal proceedings in March 2022 after its investigation identified poor governance and risk management failures at Crown.
– The agreement is subject to Federal Court approval at a hearing in July
* April 2023: $30m fine
– For letting Melbourne gamblers deposit bank cheques made out to themselves in breach of problem gambling and money laundering controls
* One patron told the 2021 royal commission a bank cheque made out to him for $100,000 was initially honoured
– Fine imposed by the Victorian Gambling and Casino Control Commission
* November 2022: $120m fine
* $100m fine for allowing patrons to gamble for upwards of 24 hours without a break and failing to stop patrons
– $20m fine for preventing gamblers from using devices to hold down pokie machine buttons, allowing patrons to play on multiple machines at the same time
– Fines imposed by the Victorian Gambling and Casino Control Commission
* May 2022: $80m fine
– For its China Union Pay scheme which facilitated the illegal transfer of $164m in funds between 2012 and 2016
– Between those years, Chinese nationals were prohibited from transferring more than $US 50,000 per year to another jurisdiction under local laws
– Fine imposed by the Victorian Gambling and Casino Control Commission
[ad_2]
Source link
