Star Accepts A$260M Penalty Over AML Failures
Star Entertainment Group has accepted a A$260 million Federal Court penalty over anti-money laundering and counter-terrorism financing failures at its Sydney and Queensland casino businesses. The ruling concludes civil proceedings launched by AUSTRAC in November 2022 against The Star Pty Limited and The Star Entertainment Qld Limited. The conduct examined by the court covered the period from November 2016 to November 2022. Justice Cameron Moore ordered Star Sydney to pay A195 million and Star Queensland A65 million. The penalties will […] The post Star Accepts A$260M Penalty Over AML Failures appeared first on World Casino News.
Star Entertainment Group has accepted a A$260 million Federal Court penalty over anti-money laundering and counter-terrorism financing failures at its Sydney and Queensland casino businesses. The ruling concludes civil proceedings launched by AUSTRAC in November 2022 against The Star Pty Limited and The Star Entertainment Qld Limited. The conduct examined by the court covered the period from November 2016 to November 2022. Justice Cameron Moore ordered Star Sydney to pay A195 million and Star Queensland A65 million. The penalties will […]
The post Star Accepts A$260M Penalty Over AML Failures appeared first on World Casino News.
