Federal Court imposes AU$260m in penalties on Star in AUSTRAC case
Summary
Australia’s Federal Court imposed combined penalties of AU$260 million on Star in a civil case brought by AUSTRAC, according to the headline. The feed note says an earlier version misstated the total payable as AU$455 million.
Why it matters
The AU$260 million penalties define Star’s financial consequences in the civil case brought by AUSTRAC.
Cite as: SectorWire, “Federal Court imposes AU$260m in penalties on Star in AUSTRAC case”, https://sectorwire.news/item/federal-court-imposes-au-260m-in-penalties-on-star-in-austrac-case/