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.
During that period, the Chinese regime made it illegal for citizens to transfer more than US$50,000 to other countries each year.
The VGCCC said that Crown casino came up with a plan in which it falsely issued hotel room bills to Chinese patrons….