The Australian Securities and also Investments Commission (ASIC) has actually begun civil fine process in the Federal Court versus 11 existing and also previous supervisors and also policemans of The Star Entertainment Group Limited (Star) for affirmed violations of their obligations under area 180 of the Corporations Act.
ASIC Deputy Chair Sarah Court stated: “ASIC alleges that Star’s board and executives failed to give sufficient focus to the risk of money laundering and criminal associations, which are inherent in the operation of a large casino with an international customer base.”
ASIC’s instance consists of cases versus participants of the Star Board in between 2017 to 2019, being John O Neill (previous Chair), Matthias Bekier (previous Managing Director and also CHIEF EXECUTIVE OFFICER), Kathleen Lahey, Richard Sheppard, Gerard Bradley, Sally Pitkin, Benjamin Heap and also Zlatko Todorcevski.
ASIC …
