Australian Media Accuses Crown Resorts Of Being Used By Triads For Money Laundering

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A joint report by Australian media The Age, The Sydney Morning Herald and 60 Minutes alleged that a Chinese criminal syndicate known as ‘The Company’ used bank accounts and high-roller rooms connected to gaming operator Crown Resorts to launder its funds, with Crown licensing and paying syndicate members to generate turnover in its Melbourne and Perth casinos.

An undisclosed high-ranking Macau member of The Company who was said to have been contacted by the newspapers was said to have indicated he was directly licensed by Crown to operate in Australia as one of its junkets, having been paid A$250,000 (US$172,700) by Crown in 2016 in return for bringing high rollers to Australia.

Junket operators and agents generally partner with gaming operators to connect them with VIP players, with the reports suggesting that Crown partnered with junket agents deeply connected to Chinese criminal organisations to launder money or to evade capital limit transfers from Mainland China.

The reports were said to be based on a leak of internal emails and statements by former Crown representatives and government officials.

Read the original article here: macaubusiness.com


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