Most Recent
A judge has ordered Star Entertainment to pay a $260 million penalty for anti-money laundering and counter-terrorism financing failures, saying the casino turned a “blind eye” to customers likely linked to organised crime.
AUSTRAC wants Star to pay a $400 million penalty for breaching anti-money laundering and counter-terrorism financing laws, while the company claims a penalty of more than $100 million would tip it into liquidation.
Embattled casino operator The Star says a trial in AUSTRAC's case should not be delayed until the finalisation of a $300 million buyout offer from Balley’s, as suggested by the financial crimes watchdog.
AUSTRAC has taken The Star to task for making statements that are inconsistent with admissions the casino has made in the regulator's case over its alleged failure to comply with its money laundering obligations.
A judge has tossed a contract claim brought against aircraft maintenance company Hawker Pacific by scorned subcontractor Cirrus RTPS, finding that a purported agreement surrounding a joint bid for services offered by the New Zealand Defence Force was not intended to be binding.
The judge overseeing AUSTRAC’s case against Star Entertainment has questioned the parties’ agreement to refer questions of fact and law to a former judge for determination, rather than an anti-money laundering and counter-terrorism financing expert.
The Port Authority of NSW has been sued by a sand importer for allegedly acting unconscionably when it terminated a lease agreement over a development at Glebe Island in Sydney.
A judge has approved a $1 million penalty against Queensland crane company NQ Cranes for engaging in a conspiracy with a multinational rival to divide the Brisbane and Newcastle markets.
Queensland crane company NQCranes has agreed to pay a $1 million penalty in the Australian Competition and Consumer Commission’s case alleging it engaged in a conspiracy with a multinational rival to divide the Brisbane and Newcastle markets.
Queensland crane company NQCranes has lost its bid to strike out the bulk of the ACCC’s amended case alleging it engaged in a conspiracy with a multinational rival to divide the Brisbane and Newcastle markets.