‘Failed in their duties’: ASIC seeks heavy penalties for Star executives

Corporate watchdog takes legal action against Star executives and directors

ASIC accuses 11 past and present directors of the casino giant of breaching their duties regarding the company's risks of "money laundering and criminal associations".

Financial watchdog ASIC sues 11 Star Group executives

Australia's financial watchdog is suing a group of former and current high-level executives at casino operator The Star over alleged money laundering protocol breaches.The Australian Securities and Investments Commission (ASIC) has started civil penalty proceedings against 11 directors and officers of The Star Entertainment Group, including former chair John O'Neill and managing director and CEO Matthias Bekier who has also left the casino.The w…

‘Failed in their duties’: ASIC seeks heavy penalties for Star executives

The corporate watchdog has sued 11 Star executives and directors over alleged anti-money laundering breaches, including former chief executive Matt Bekier and former chairman John O’Neill.