Star's former chief casino officer Gregory Hawkins reaches ASIC settlement
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The news: Star Entertainment Group's former chief casino officer Gregory Hawkins has settled with the corporate regulator over claims he breached his responsibilities to ensure the casino operator complied with anti-money laundering and counter terrorism financing obligations.
The numbers: Hawkins has agreed to pay a $180,000 penalty and accepted an 18-month disqualification from managing corporations.
The context: The Australian Securities and Investments Commission announced the lawsuit in December 2022, targeting 11 current and former directors and officers of Star at the time, over alleged breaches of corporate duties linked to money-laundering risks.
Hawkins' settlement follows an agreement reached between ASIC and Star's former chief financial officer, Harry Theodore, earlier this month, which included a proposed $60,000 penalty.
The sources: Federal Court of Australia, ASIC
