New Star boss ready to start company overhaul as it awaits regulatory fate

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New Star boss ready to start company overhaul as it awaits regulatory fate | ameliamcguiree

alleged The Star had enabled money laundering, organised crime, large-scale fraud and foreign interference in its Australian casinos for years, even though the board was warned its anti-money-laundering controls were failing.

Meanwhile, the head of the NSW Independent Casino Commission, Phillip Crawford, criticised The Star for an overly legalistic and defensive approach to the inquiry. Cooke likened the recent regulatory crackdown experienced by The Star and rival Crown Resorts to the 2017 banking royal commission and said operating with integrity and transparency is the only way forward.“It’s rare to get such a forensic look at areas a big company should be focussing on. Bad behaviour is caused by bad cultures, I’ve seen it play out before, and it’s my job to make team members feel comfortable to call it out.

 

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