Crown Resorts (ASX:CWN) share price falls as Austrac calls junkets high risk

The Crown Resorts Ltd (ASX: CWN) share price is edging lower today following the release of a risk assessment carried out by the federal agency Austrac. The assessment reported that junkets pose a high level of criminal risk and harm to the community.

Austrac is the Australian government intelligence agency set up to monitor money laundering, organised crime, and fraud.

At the time of writing, the Crown share price has fallen by 0.82% to $9.68.

What’s pushing the Crown share price lower?

In an article published on its website, Austrac has reported that junkets used by casino operators cause “harm to our communities”, and that prompt action is needed by casinos to increase their control measures. 

Austrac went on to report…