Upon reports made by the KPMG network about files being kept secret and finally ignored, the Star fights back with accusations of misinformation
A turbulent year it has been for Australian gambling giant The Star. The Australian Office of Liquor and Gaming Regulation, Queensland Police and AUSTRAC were having a field-day acting on money laundering, fraud, foreign interference and organised crime suspicions. Just when things would seem to settle down, KPMG, a network of professional service firms providing audit, tax and advisory services, reports on even shady activities are yet again on the horizon. Supposedly, when regulators tipped the company leaders on their shoulder, pointing towards malevolent people in the ranks, The Star hid those reports, kept them secret and eventually forgot about them. The brand-new report was published by high-profile newspaper, forcing The Star to come forth yet again.
The reports, findings and outcomes from the review were considered by The Star (including the board) and acted on. The actions included The Star adopting an updated AML/CTF Program as a priority in October 2018, and undertaking a program of work to enhance its AML compliance framework, under the board’s oversight.
Further The Star referred to the Bergin Inquiry in this year, in which the accused stated to have disclosed all problematic occurrences to the AML/CTF regulator and AUSTRAC.
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