Western Australian casino regulator unskilled on money laundering
Gaming and Wagering Commission member Barry Sargeant said the regulator lacked policies or procedures for dealing with the risks of criminal activity at Crown Resorts.
Australia.- Western Australia’s Royal Commission into Crown Resorts heard from Gaming and Wagering Commission board member Barry Sargeant on the second day of its hearings.
According to ABC newspaper, when asked about the Gaming and Wagering Commission’s (GWC) role, Sargeant said the regulator was aware of the risks regarding criminal conduct but did not have the resources or knowledge to deal with it.
Sargeant added that GWC would rely on the WA Police and the Australian Federal Police activity despite having the power to order investigations.
His testimony comes after the head of the regulator, Duncan Ord, admitted he had no formal training in casino regulation before assuming the role.
Sargeant also said he had reservations about the appointment of Mark Beecroft as chief casino officer after Michael Connolly stepped down following revelations about his social relationship with Crown staff. However, he said that he did not raise concerns because he could not think of an alternative.
Western Australia’s Royal Commission expects to deliver an internal report by June 30 and a final report by November 14.