It also left Crown susceptible to dealing with the proceeds of crime.Ĭrown said in a statement that it “acknowledges its historic failings” and that it was “committed to the delivery of a comprehensive reform and remediation program”. The scam breached the prohibition on Crown accepting credit or debit cards at the casino for gambling and its obligation to keep accurate accounting records. Indeed, it went to some lengths to hide what it was doing.”ĭuring last year’s Victorian royal commission into Crown – one of three sparked by The Age and The Sydney Morning Herald’s investigative reporting into the company – Commissioner Ray Finkelstein described the processes as a “fraudulent scam” which “everybody involved would have known”. In doing so, it showed no regard for upholding its regulatory obligations. “Crown was aware of the risk that the process could be illegal but decided to run that risk.
“Crown’s process was a clandestine, deliberate process, which not only breached the Casino Control Act but was also devised to assist patrons to breach China’s foreign currency exchange restrictions,” commission chairperson Fran Thorn said.
