Star Entertainment Fined A$260M Over Money Laundering and Terrorism Financing Failures

A federal court in Australia has ordered The Star Entertainment Group to pay A$260 million (US$183 million) for breaching laws regarding anti-money laundering and counter-terrorism financing (AML/CTF). Handing down his decision on Wednesday (Oct. 28), Justice Cameron Moore asserted that Star’s systemic inability to shield its gaming venues from organized crime and money laundering—operations suspected of funding terrorist networks—necessitated a substantial monetary penalty. Moore noted that there is a strong financial incentive to look the other way when it comes to AML/CTF provisions.