AUSTRAC chief executive Brendan Thomas says he never believed Star Entertainment’s claim that it could not afford a $100 million-plus fine for its systemic money laundering failures, and is happy with the outcome after pursuing the casino operator in court for years.
Thomas, whose agency last week extracted a $260 million penalty from Star after taking action against the troubled company in the Federal Court in 2022, said he was confident that legal actions against the casino and gambling industry were making it harder for criminals to launder their cash.
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