Due to suspected substantial and chronic quel with Australia's anti-money laundering and counter-terrorism funding legislation, the Australian Financial Reports and Assessment Scheme filed a federal court lawsuit against Star Entertainment.
The group was considered to be vulnerable to criminal exploitation due to a lack of risk-based measures, with a reported inability to manage ML/TF risks also revealing more significant dangers "across many years." The court will decide on any possible monetary fines.
This action was a result of a compliance drive that got underway in September 2019 and led to the opening of an enforcement inquiry into Star, Crown Resorts, plus SkyCity Entertainment.
The group was considered to be vulnerable to criminal exploitation due to a lack of risk-based measures, with a reported inability to manage ML/TF risks also revealing more significant dangers "across many years." The court will decide on any possible monetary fines.
This action was a result of a compliance drive that got underway in September 2019 and led to the opening of an enforcement inquiry into Star, Crown Resorts, plus SkyCity Entertainment.
