{"id":18301,"date":"2021-05-26T15:54:26","date_gmt":"2021-05-26T15:54:26","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=18301"},"modified":"2026-04-23T19:11:44","modified_gmt":"2026-04-23T22:11:44","slug":"crown-money-laundering-activity-detected-up-to-february-2021","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/crown-money-laundering-activity-detected-up-to-february-2021","title":{"rendered":"Crown: money laundering activity detected up to February 2021"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Nearly 50 account banks linked to Crown Resorts will be reviewed by a major auditing firm after indications of money laundering were detected between December 1, 2020, and February 18, 2021.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Australia.- As part of<strong>\u00a0Victoria\u2019s Royal Commission into Crown Resorts<\/strong>, auditors Deloitte will review almost<strong>\u00a050 bank accounts <\/strong>for evidence of suspicious payments potentially linked to money laundering.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to Perth Now, Deloitte partner Lisa Dobbin said there had been <strong>suspicious transactions potentially linked to money laundering\u00a0<\/strong>at Crown\u00a0up <strong>until at least February of this year<\/strong>.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A preliminary report suggested <strong>a large sum of money had been divided across 14 accounts\u00a0<\/strong>to avoid the AU$10,000 disclosure threshold.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Deloitte is also focusing on<strong>\u00a0so-called patron accounts<\/strong>, used by Crown Resorts to allow customers to deposit money for use at casinos.\u00a0It says these accounts could potentially be\u00a0<strong>used for money laundering<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Dobbin said <strong>the audit is in its preliminary stages<\/strong>. A <strong>final report is expected by August<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Deloitte&#8217;s investigation is independent of the analysis by anti-money\u00a0<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/crown-sat-on-aml-recommendations-for-over-a-year-inquiry-hears\">laundering consultancy Initialism<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Neil Jeans<\/strong>, principal at Initialism, told Victoria&#8217;s Royal Commission that\u00a0<strong>he had advised former chief executive Ken Barton about money laundering risks\u00a0<\/strong>and suggested a full review of all transactions. However, the company did not act until over a year later, he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nearly 50 account banks linked to Crown Resorts will be reviewed by a major auditing firm after indications of money laundering were detected between December 1, 2020, and February 18, 2021.<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Deloitte is auditing nearly 50 bank accounts linked to Crown Resorts, including patron accounts, for evidence of money laundering following suspicious transactions identified between December 2020 and February 2021. This review is part of Victoria's Royal Commission, with a final report anticipated by August, and follows prior unheeded warnings regarding AML risks.","focusai_entities":"Crown Resorts, Deloitte, Initialism, Lisa Dobbin, Neil Jeans, Ken Barton, Victoria\u2019s Royal Commission","focusai_location":"Australia, Victoria, Perth","focusai_target_profile":"ceo_executive (0.95), regulator (1.0), compliance_legal (1.0), operator_casino (0.9), tech_data (0.7), payments_fraud_aml (1.0), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.95)","focusai_suggestions":[{"label":"AML Control Efficacy","query":"What specific enhancements to Crown Resorts' AML governance framework and transaction monitoring systems are anticipated to address the identified deficiencies and prevent future breaches?"},{"label":"Regulatory Precedent Impact","query":"How might the findings and recommendations of Victoria's Royal Commission influence the regulatory compliance obligations and licensing conditions for other iGaming operators in Australia and comparable jurisdictions?"}],"footnotes":""},"categories":[16336,439],"tags":[23825,20215,14657],"class_list":["post-18301","post","type-post","status-publish","format-standard","hentry","category-australasia-news","category-legal-news","tag-crown-melbourne","tag-crown-perth","tag-crown-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/18301","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=18301"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/18301\/revisions"}],"predecessor-version":[{"id":18326,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/18301\/revisions\/18326"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=18301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=18301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=18301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}