Crown role makes Coonan unfit to lead financial ombudsman: Labor

Original article by John Kehoe
The Australian Financial Review – Page: 6 : 2-Nov-20

Opposition financial services spokesman Stephen Jones claims Helen Coonan’s role as chairman of the Australian Financial Complaints Authority is "untenable". Coonan is also the chairman of casino operator Crown Resorts, which is currently the subject of inquiry by the NSW Independent Liquor and Gaming Authority. Jones says Coonan should not be head of a body that determines whether financial entities have been acting with probity while at the same time trying to push off allegations that Crown’s casinos have been used for significant money laundering. Treasurer Josh Frydenberg says establishing the Authority is a "proud achievement" of the federal government, and that Coonan is a "widely respected" former MP.

CORPORATES
AUSTRALIAN FINANCIAL COMPLAINTS AUTHORITY, CROWN RESORTS LIMITED – ASX CWN, NEW SOUTH WALES. INDEPENDENT LIQUOR AND GAMING AUTHORITY

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