Star casinos are facing massive fines, with the anti-money-laundering regulator AUSTRAC launching a Federal Court action seeking civil penalties.
AUSTRAC alleges Star failed to implement legally required monitoring of money-laundering risks.
It is arguing the breaches were "serious and systemic" and that, in the absence of these risk-based controls, the Star entities were vulnerable to criminal exploitation.
The regulator's statement of claim, which runs to more than 2,000 pages, alleges The Star did not take seriously enough the laws around anti-money laundering and terrorism financing (AML/TF), in "the face of known and serious ML/TF risks".
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