Tag #Casino Regulation

What specific actions by The Star's executives demonstrate a prioritization of profit over compliance with anti-money laundering regulations?

The Star Entertainment Group's former executives are accused of prioritizing profits over risk management, failing to act on blatant signs of money laundering by junket operators linked to organized crime. This involved ignoring suspicious activities like cash delivered in eskies and staff hiding from CCTV cameras at their Sydney casino, Salon 95. The Australian Securities and Investments Commission (ASIC) alleges these actions breached their legal and regulatory obligations.