Australia’s Star Entertainment Accepts $183.6 Million Anti-Money Laundering Penalty

The Star Entertainment Group has said it will accept the A$260 million (about US$183.6 million) penalty imposed by Australia’s Federal Court for breaches of anti-money laundering and counter-terrorism financing laws, ending civil proceedings brought by AUSTRAC in 2022.

Justice Cameron Moore ordered A$195 million against The Star Sydney and A$65 million against its Queensland operations, payable in four instalments over 19 months. AUSTRAC had sought A$400 million and Star had argued for A$100 million. The court found that between 2016 and 2022 the casinos operated without a compliant AML/CTF programme and failed to monitor customers adequately, allowing more than 1,200 customers to gamble through high-risk channels, including dealings linked to junket operators.

Star said the penalty was broadly in line with provisions already recorded, but that it triggers a review event under its credit facility, and that discussions with its lender are ongoing.

Article Credit: https://www.reuters.com/business/finance/australias-star-entertainment-accepts-1836-million-anti-money-laundering-penalty-2026-10-29/