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Star says it can’t afford $400M penalty sought by AUSTRAC
Gaming 2025-06-04 11:35 pm By Andy Sidler

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. 

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AUSTRAC flags organised crime risks at Queensland, NT casinos
Gaming 2025-05-30 9:43 pm By Julia Kanapathippillai

Australia’s financial crimes agency has sounded the alarm on organised crime risks at two casinos in Far North Queensland and the Northern Territory.

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CBA shareholder class actions score partial win on appeal, but no damages
Class Actions 2025-05-07 5:25 pm By Cindy Cameronne

Two class actions against Commonwealth Bank have partially succeeded on appeal, with a finding that the bank breached its continuous disclosure obligations, but damages still elude shareholders.

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Citing financial uncertainty, Star says trial in AUSTRAC case should not wait
AUSTRAC 2025-04-16 11:26 pm By Julia Kanapathippillai

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.

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AUSTRAC wants intel in Entain case kept out of criminal hands
Gaming 2025-03-28 2:13 pm By Cindy Cameronne

AUSTRAC has sought to suppress parts of its case against the operator of online gambling sites Ladbrokes and Neds, arguing the information should not get into the hands of criminals. 

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‘Too dangerous’: Judge wants express waiver to hear AUSTRAC’s case against Star
Gaming 2025-03-06 11:43 pm By Julia Kanapathippillai

A judge hearing two enforcement cases by regulators against embattled casino operator Star Entertainment has flagged the potential appearance of bias if he continues to preside over both proceedings.

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AUSTRAC accuses online betting firm Entain of money laundering failures
Gaming 2024-12-17 1:37 pm By Andy Sidler

The operator of online gambling sites Ladbrokes and Neds has been taken to court by AUSTRAC for alleged “systemic” money laundering compliance failures.

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CBA slams class actions’ ‘misguided’ theory on appeal
Class Actions 2024-11-19 11:03 pm By Sam Matthews

CBA has attacked two failed class actions’ “misguided” appeal, arguing that requiring companies to disclose incomplete information to shareholders would distort the market.

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Judgment in CBA class actions could affect insider trading cases, Full Court told
Class Actions 2024-11-19 11:42 pm By Sam Matthews

The Full Court has heard that a judge’s finding on materiality in two failed shareholder class actions against CBA could have “troubling” repercussions for insider trading cases and must be overturned.

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CBA class action judge used ‘far too onerous’ test, appeals court told
Class Actions 2024-11-18 11:38 pm By Cindy Cameronne

Two failed class actions against CBA claim a judge used a “far too onerous test” for materiality in deciding whether the bank should have told the market about deficiencies in its anti-money laundering systems. 

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