An Australian gambling corporation was fined 100 million Australian dollars (£62 million to £55 million) for failing to prevent money laundering at its Sydney casino. Additionally, the group’s permission to manage the casino has been removed. The crimes were allowed in the gambling company’s Sydney casino because of its “careless” behavior toward rules and conscious attempts to hide its tracks. The corporation has committed to “do everything in [its] power” to win back its license and the public’s trust. The head of regulatory affairs, Philip Crawford, said: “The institutional arrogance of this company has been breathtaking.”

The fine imposed on Monday, October 17, is the maximum allowed. To save thousands of people from losing their jobs, the New South Wales Independent Casino Commission held off on entirely removing the gambling corporation’s license. The casino will continue to operate under a management team selected by the regulatory body under the conditions of the suspension. According to Mr. Crawford, beginning on Friday, October 21, the company would not be able to run the casino on its own until it could “earn” its license back.