The prominent casino operator, Crown Resorts, faces renewed controversy after mishandling compensation for approximately 200 workers due to alleged “documentation inaccuracies.”
Australia’s labor rights regulator, the Fair Work Ombudsman, intervened, compelling Crown to rectify these problems arising from their interpretation of specific regulations.
Crown acknowledged the oversight and has reimbursed all impacted personnel. Notably, Crown proactively disclosed these discrepancies following an internal assessment.
The company has pledged to enhance its procedures, is participating in an external audit, and will remit a substantial sum to resolve these infractions.
This recent incident adds to the turmoil engulfing Crown Resorts, which has endured a turbulent period facing heightened scrutiny over dubious practices concerning financial impropriety and ethical conduct. They have even been implicated in ignoring Chinese criminal syndicates exploiting their establishments for illicit endeavors.
Further compounding the situation, within the past eight weeks alone, Crown incurred a $19.8 million penalty for questionable check-cashing procedures and permitting customers to wager unlawfully.
Moreover, just a month prior, they consented to a staggering $297 million payment to AUSTRAC, Australia’s financial intelligence unit, for noncompliance with anti-money laundering and terrorism financing legislation.
Australias financial regulator, AUSTRAC, seeks an out-of-court resolution in a legal matter concerning violations of anti-money laundering and terrorism financing regulations. They aim to finalize an agreement before the case progresses. The Federal Court must still give its approval during a hearing set for July 10th and 11th.
