{"id":23491,"date":"2021-10-13T10:07:45","date_gmt":"2021-10-13T13:07:45","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=23491"},"modified":"2026-04-23T14:52:25","modified_gmt":"2026-04-23T17:52:25","slug":"star-entertainment-answers-money-laundering-allegations","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/star-entertainment-answers-money-laundering-allegations","title":{"rendered":"Star Entertainment answers money laundering allegations"},"content":{"rendered":"\n

The Star Entertainment Group has issued a response denying media allegations that it failed to do enough to prevent money laundering and fraud at its resorts.<\/p>\n\n\n\n\n\n\n\n

Australia.- Star Entertainment Group<\/a>\u00a0has responded to claims by media outlets The Sydney Morning Herald, The Age and 60 Minutes that it was involved in suspected money laundering, organised crime and fraud.<\/p>\n\n\n\n

In a press release, the company said the assertions were misleading and that it “will take the appropriate steps to address all allegations<\/strong>\u00a0with relevant state and federal regulators and authorities.”<\/p>\n\n\n\n

According to the media reports, between 2014 and 2021, Star wooed high-rolling gamblers who were allegedly linked to criminal or foreign-influenced activities. The media investigation claimed that reports prepared by KPMG in 2018 were kept secret and were not adequately acted on. However, Star Entertainment said the assertions were incorrect.<\/p>\n\n\n\n

The company said\u00a0the reports, findings and outcomes from the review were considered<\/strong>\u00a0as it adopted an updated Anti-money Laundering and Counter-terrorism Financing (AML\/CTF) Program as a priority in October 2018. Star Entertainment also said it undertook a programme of work to enhance its AML compliance framework<\/strong>, under its board\u2019s oversight.<\/p>\n\n\n\n

It said: “Details of the review and resulting reports were shared with the AML\/CTF regulator, AUSTRAC and referred to in a statement by The Star to the Bergin Inquiry.\u00a0This information was also provided to the independent reviewer conducting the subsequent review to inform the assessments undertaken in that next review in 2020 – 2021.”<\/p>\n\n\n\n

The company is currently being investigated by the New South Wales Independent Liquor and Gaming Authority and\u00a0the anti-money laundering agency AUSTRAC<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Star Entertainment Group has issued a response denying media allegations that it failed to do enough to prevent money laundering and fraud at its resorts.<\/p>\n","protected":false},"author":176,"featured_media":21353,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Star Entertainment Group has issued a formal denial regarding media allegations of its involvement in suspected money laundering and fraud between 2014 and 2021. The company asserts that the media reports are misleading, stating that it proactively addressed AML\/CTF program enhancements under board oversight and shared relevant review outcomes with AUSTRAC and the Bergin Inquiry. Star is currently under investigation by the New South Wales Independent Liquor and Gaming Authority and AUSTRAC.","focusai_entities":"Star Entertainment Group, The Sydney Morning Herald, The Age, 60 Minutes, KPMG, AUSTRAC, Bergin Inquiry, New South Wales Independent Liquor and Gaming Authority","focusai_location":"Australia, New South Wales","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (1.0), operator_casino (0.9), payments_fraud_aml (1.0), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.95)","focusai_suggestions":[{"label":"Star AML\/CTF Program Deficiencies?","query":"What specific deficiencies in Star Entertainment Group's AML\/CTF program were identified by the KPMG reports, and how were these deficiencies formally addressed and documented?"},{"label":"Regulatory Investigation Impact?","query":"What is the projected financial and licensing impact of the ongoing AUSTRAC and NSW Independent Liquor and Gaming Authority investigations on Star Entertainment Group's operational viability and market position?"}],"footnotes":""},"categories":[16336,156],"tags":[23911,23907,23871],"class_list":["post-23491","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-regulation-news","tag-gambling-regulation","tag-land-based-casino","tag-the-star-entertainment-group"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/23491","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=23491"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/23491\/revisions"}],"predecessor-version":[{"id":23500,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/23491\/revisions\/23500"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/21353"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=23491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=23491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=23491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}