The inquiry heard that the ANZ and Commonwealth banks had shut down some accounts after Crown patrons used them to make a string of suspicious cash transactions totalling hundreds of thousands of dollars.
The accounts were held through two shell companies Crown set up called Southbank Investments and Riverbank Investments, the inquiry heard.
Gamblers transfer funds to Crown’s accounts and are then issued with credit or chips so they can play at the casino’s tables.
The Victorian government has brought forward its review of Crown casino’s licence.Credit:Scott McNaughton
Customers could use the accounts to deposit money for gambling with “privacy”, given the nondescript company names hid the fact that the money was going to a cas…
Read the full article at: https://www.smh.com.au/national/crown-tightens-money-transfer-rules-as-licence-review-looms-20201228-p56qh5.html