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Australia's Star Entertainment fined $183 million for anti-money laundering law breaches
An Australian federal court on Wednesday fined casino operator Star Entertainment A$260 million ($182.73 million) for breaching anti-money laundering and counter-terrorism financing laws, according to a court judgment. The penalty stems from a civil lawsuit brought in 2022 by the Australian Transaction Reports and Analysis Centre, which alleged Star entities failed to comply with anti-money laundering and counter-terrorism financing regulations. The fine is lower than the roughly A$400 million penalty sought by the financial crime watchdog, according to media reports last year. The court found...
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