SYDNEY, (Reuters) – James Packer, an Australian billionaire casino founder, acknowledged that there were “many oversights in corporate governance” at Crown Resorts Ltd., the second largest resort.

Packer left the A$7 billion business in 2018 but retains 37% shares. Packer testified at the Royal Commission on money laundering risks in Crown’s casino in Perth, West Coast.

Packer’s last appearance was in Sydney, one year ago. He testified there. The Sydney inquiry resulted in Crown being unable to operate their gambling license. This week, the Melbourne probe saw the company remain under surveillance for the next two years.

Packer, who testified by videolink on Friday that there were many mistakes and things that needed to be done differently, said, “Looking back,”

Packer, 54 said that, before the inquiries started, no Crown directors had expertise in preventing money launder. However, “I did believe at that moment in time that Crown Perth engaged in money launder.”

It was an oversight that there wasn’t a person on the Crown board who had anti-money laundering knowledge.

Crown began investigating its three casinos after media reports said that the company turned a blind eye towards organised crime. This included dealing with tour operators who had links with criminal organisations and disregarding safety concerns of 19 people arrested in China for violating China’s anti-gambling laws.

After an inquiry in Sydney revealed that Packer held undue power over the board of the company, even though he had no formal role, Packer withdrew from the board. Crown replaced the company’s chairman and CEO, as well as most of its directors and managers, in the last year amid the turmoil caused by the allegations and inquiries.

On Friday, the company settled a shareholder action alleging that it did not disclose China-related risks.

Packer continues to offer evidence.