Australian Casino Fined $80 Million for Illegal Chinese Money Transfers

Australian Casino Fined $80 Million for Illegal Chinese Money Transfers
A general view of Crown Casino in Southbank in Melbourne, Australia, on Oct. 26, 2021. Darrian Traynor/Getty Images
Alfred Bui
Updated:

Victoria’s Gambling and Casino Control Commission (VGCCC) has fined Crown Melbourne $80 million (US$57.5 million) for organising a scheme that enabled illegal money transfers from China.

The fine was imposed after the VGCCC’s investigation revealed that Crown casino set up a process to circumvent Chinese currency restrictions and allow funds to be transferred out of China illegally, by letting international gamblers use the China Union Pay card from 2012 to 2016.

Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
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