Anti-Financial Crime & Financial Crime Compliance
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Australia, Compliance, Financial Crime

NEWS: Star Entertainment Group’s licence suspended, fined AUD$100M (€64M) for AML failures

By Elizabeth Hearst for AMLi

Australia’s Star Entertainment Group has been hit with a record A$100M (€64M) fine and has had its licence suspended for failing to prevent money laundering at its Sydney casinos. 

A regulator-appointed manager has now been deployed to run the firm’s Sydney casino for the next 90 days to ensure the casino is fully compliant with AML/CFT regulations, reports Reuters. 

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