A federal watchdog has started civil penalty proceedings against gambling giant Star for extensive failures to comply with anti-money laundering laws.
Watchdog takes casino giant Star to court
Star Entertainment faces more civil penalties for allegedly allowing customers to move cash through risky back channels and continuing business with “higher-risk customers” in breach of federal anti-money laundering laws.
The Australian Transaction Reports and Analysis Centre lodged a case against the ASX-listed gambling giant in the Federal Court on Wednesday after wrapping up a joint probe with police and regulators in NSW and Queensland, which began in September 2019.
The case comes after a NSW royal commission-style probe resulted in Star being stripped of its casino licence and fined a record $100 million last month.
The Queensland government has also issued the company with a show-cause notice as to why it should continue to hold a casino licence in that state after its own inquiry, also last month.