‘Shoeboxes of Cash’ Detailed in Crown Money Laundering Suit

Crown Resorts Ltd. has been sued by Australia’s financial crimes regulator for “innumerable” breaches of anti-money laundering laws, including allowing customers to use shoeboxes stuffed with cash to gamble, adding to the troubles faced by the scandal-plagued casino operator.

Crown’s non-compliance with anti-money laundering rules was “longstanding, systemic and reflective of wholly inadequate oversight by the board and senior management,” the regulator said in a statement of claim filed in the Federal Court on Tuesday. This exposed Crown “to the risk of being exploited by organized crime,” the regulator said.