The Federal Court of Australia has ordered The Star Entertainment Group to pay US$182 million over anti-money laundering and counter-terrorism financing failures, a figure set below the AU$400 million AUSTRAC had suggested to the court.
Australia's Federal Court has ordered The Star Entertainment Group to pay a A$260m penalty after AUSTRAC proceedings over anti-money laundering failures, with the court finding more than 1,200 high-risk customers gambled through channels carrying significant money laundering risk.
Duty rises in Britain, a record Australian penalty, CA$100m entrance fees in Ontario and outright prohibition in Brazil all assume gaming yield is a stable, growing base. The same week's operator numbers suggest otherwise — and the regulators meant to police the new settlement are still hiring.
Justice Cameron Moore ordered The Star Entertainment Group to pay A$260 million (US$183 million) for breaching Australia's AML/CTF laws, landing between AUSTRAC's A$400 million demand and the operator's A$100 million submission.
