- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Kyle Brasseur2022-10-17T16:28:00
The Star Entertainment Group, operator of Australia’s second largest casino, was penalized a record AUD$100 million (U.S. $62 million) by the country’s casino regulator for failures to prevent money laundering at its Sydney location.
The NSW Independent Casino Commission (NICC) suspended Star’s casino license in addition to announcing the fine Monday. The regulator further imposed the appointment of a manager to oversee the casino while Star’s license remains suspended.
The suspension will take effect Friday.
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