Crown Resorts has acknowledged deficiencies in its business practices once more, this time citing “documentation inaccuracies” impacting roughly 200 staff members.
The Fair Work Ombudsman has initiated enforcement measures against Crown for what the integrated resort operator has termed “historical entitlement miscalculations.”
Consequently, Crown has expressed remorse for the oversights and has compensated the impacted personnel. In this situation, Crown proactively informed the Ombudsman after detecting inconsistencies during a payroll assessment.
Subsequently, the company has enhanced its payroll infrastructure and compliance structure, consented to an external audit, and will remit a conciliatory sum to resolve the issue.
This recent event compounds a tumultuous year for Crown Resorts, which has encountered significant scrutiny following disclosures of substantial lapses in its anti-money laundering and ethical conduct protocols – alongside allegations of enabling money laundering by Chinese criminal organizations.
In the preceding eight weeks alone, Crown has incurred a $30 million AUD penalty after being apprehended issuing unredeemed bank drafts and unlawfully permitting individuals to engage in gambling activities.
Moreover, just a month prior to the $30 million AUD sanction, the resort consented to a $450 million AUD disbursement to AUSTRAC, Australia’s financial intelligence unit, for analogous transgressions.
The Australian Securities and Investments Commission (ASIC) has negotiated a resolution to the legal action concerning its shortcomings in regulatory enforcement. This agreement awaits endorsement from the Federal Court of Australia during proceedings slated for July 10th and 11th.