An Australian gambling corporation has to pay 100 million Australian dollars (£62 million, £55 million) for failing to stop money laundering at its Sydney casino. The group’s authorization to run the casino has also been removed. The maximum fine was placed on Monday, October 17. The New South Wales Independent Casino Commission did not completely remove the gambling corporation’s license in order to prevent thousands of workers from losing their employment. Under the terms of the suspension, the casino will continue to run under a management group chosen by the regulating agency. The head of regulatory affairs, Philip Crawford, said: “The institutional arrogance of this company has been breathtaking.” Beginning on Friday, October 21, the business would not be able to manage the casino independently until it can “earn” its license back, according to Mr. Crawford. The company promised to “do everything in [its] power” to take back its license and the trust of the people.