AUSTRALIA: CROWN RESORT INVESTMENT COMPANIES WERE USED TO LAUNDER DRUG FUNDS, AUTHORITIES BELIEVE

The Sydney Morning Herald reported on 5th August that drug traffickers have used 2 private companies – Southbank Investments Pty Ltd and Riverbank Investments Pty Ltd – between 2012 and 2016 and which were set up by Crown Resorts with Crown executives as directors to bank suspected proceeds of crime, federal investigations have alleged.

https://www.smh.com.au/business/companies/crown-investment-companies-were-used-to-launder-drug-funds-authorities-believe-20190805-p52e1u.html

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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