Crown to pay $450m penalty for money laundering breach

It will be up to the federal court justice to hand down the agreed penalty.

A court hearing has been set down for July 10 and 11 this year.

In a statement, Crown Resorts chief executive Ciaran Carruthers apologised for the company's failings, describing them as unacceptable. 

"The company that committed these unacceptable, historic breaches is far removed from the company that exists today," he said.