Crown Melbourne and Crown Perth on Tuesday confirmed it had reached the agreement with the Australian Transaction Reports and Analysis Centre (AUSTRAC).

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.

In November, Crown was also hit with a $120 million fine for breaching gambling laws and ordered to stop patrons gambling more than 36 hours a week.

-with AAP