Star Entertainment Hit With Fine of $260 Million For AML Failures

The Star Entertainment Group has been ordered to pay a $260 million penalty following Federal Court proceedings on Wednesday brought by Australia’s financial intelligence regulator, AUSTRAC, over serious and systemic breaches of anti-money laundering and counter-terrorism financing laws. The ruling resolves long-running civil penalty proceedings and marks one of the largest corporate penalties in the Australian gaming sector, leaving the embattled casino operator’s board to assess the financial implications for a company already operating under a documented rescue package.