The Australian government accused Star Casino of breaking AML rules

AUSTRAC has filed a federal court complaint against Star Casinos for allegedly violating anti-money-laundering (AML) rules.

The gambling behemoth faces additional civil fines for allegedly let clients to move funds through back channels and for continuing to do business with "high-risk consumers."

In addition, the Queensland government issued a show-cause notice to the corporation following its own investigation last month.

Nicole Rose, the chief executive officer of AUSTRAC, stated that the inquiry "found a plethora of vulnerabilities, including weak governance and risk management failings, as well as the need to create and maintain a compliance AML/CTF programme."

“The Star Entities also failed to carry out appropriate ongoing customer due diligence, which has led to widespread and serious non-compliance over a number of years,” she added. 

Robbie Cooke, the chief executive officer of Star, told the ASX in a statement, “we are transforming our culture, transforming our business. We are committed to improvement but there is a lot still to do.” 

Last month, Star's casino licence was revoked and it was fined AUD$100 million (€64 million) as a result of an inquiry conducted in the style of a royal commission in New South Wales.

By fLEXI tEAM