Star Entertainment is pleading for mercy in the face of charges brought by the financial crime watchdog, arguing hundreds of millions in fines for its alleged facilitation of money laundering by VIP patrons could tip it under.
The AUSTRAC case against Star began in the Federal Court on Wednesday morning before it was quickly taken into closed court for the cross-examination of Star chief financial officer Frank Krile.
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Max Mason covers financial crime, courts and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com
