It also pointed to evidence put to the inquiry that when consultants tried to tell Star that it may not be complying with anti-money laundering laws,Slater and Gordon told the court that Star misled and deceived shareholders by “representing” that it was “an ethical and responsible casino operator”, and that it was “more ethical and responsible ... than its competitors, including Crown”.
Slater and Gordon also alleged Star failed to implement effective anti-money laundering systems, did not adequately staff or train its compliance teams, and did not meet its legal obligations in this area.This conduct could “amount to serious contraventions” of anti-money laundering laws, Slater and Gordon said, meaning there was “a real risk” of AUSTRAC or other regulators taking legal action against the company.
“Star insisted that it took compliance seriously and ran its business ethically, honestly and with integrity. The Star’s Mr Bekier, chair John O’Neill, CFO Harry Theodore, and current and former directors including Kate Lahey, Richard Sheppard, Gerard Bradley, Sally Pitkin, Greg Hayes, Ben Heap and Zlatko Todorcevski were named as Star officers in the Slaters class action.
Saying it was “an important issue”, Mr Bell requested Mr Aloi present a statement on the matter to the inquiry for examination.”
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