Star ordered to pay $260m over anti-money laundering failures

Australia's AML regulator had sought a penalty of $400m after multiple failings were identified across Star's Sydney and Queensland locations between 2016 and 2022 Star Entertainment has been ordered to pay penalties totalling A$260m (€164.3m) after the Federal Court of Australia found its businesses committed widespread and systemic anti-money laundering (AML) and counter-terrorism financing (CTF) breaches. Confirming its ruling yesterday (28 October) , the court identified numerous breaches of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006. These were all related to well-documented historical activity at Star, spanning the period from November 2016 to November 2022.