News: CWN Crown Resorts Informed By AUSTRAC That It Has Identified Potential Serious Non-compliance

June 7 (Reuters) - Crown Resorts Ltd (CWN) :

• INFORMED BY AUSTRAC'S REGULATORY OPERATIONS BRANCH THAT IT HAS IDENTIFIED POTENTIAL SERIOUS NON-COMPLIANCE
• AUSTRAC HAS INITIATED A FORMAL ENFORCEMENT INVESTIGATION INTO COMPLIANCE OF CROWN PERTH
• CROWN PERTH WILL FULLY CO-OPERATE WITH AUSTRAC IN RELATION TO THIS PROCESS.
• NON-COMPLIANCE WITH AML/CTF ACT AND AML/CTF RULES BY CROWN PERTH
• CROWN IS CONTINUING ITS INVESTIGATIONS INTO HISTORICAL BREACHES OF CASINO CONTROL ACT 1991 (VIC) (CASINO CONTROL ACT)
• GOT LEGAL ADVICE THAT PRACTICE THAT EXISTED AT CROWN MELBOURNE BETWEEN 2012 AND 2016 CONTRAVENED SECTION 68 OF CASINO CONTROL ACT

Source text: [https://bit.ly/34T3IU3]

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