Crown Resorts to Tighten Money-Laundering Controls

The video discusses the recent AGM of Crown Resorts, where chairman Helen Coonan apologized for risk management failures exposed by an inquiry into money laundering allegations. The inquiry revealed governance issues and questioned the use of junket operators linked to drug traffickers. Crown Resorts is implementing reforms to tighten money laundering controls and improve compliance. The inquiry's findings, due next year, could impact Crown's license to operate its Sydney casino. The board is also reviewing its structure to address perceived biases towards major shareholder James Packer.

What potential consequences could Crown Resorts face as a result of the inquiry?

What concerns were raised regarding the board's relationship with shareholders?