Star Entertainment Group has set aside another $150 million for possible fines and penalties over money laundering violations, the securities regulator says.
The Australian Securities and Investments Commission said on Tuesday it brought up the issue with Star after the release in August of the company's earnings report for the half-year ended 30 June 2022.
ASIC said while there were "some uncertainties as to their amount", Star should have made a provision for funds for fines and penalties likely to be levelled by financial intelligence agency AUSTRAC, the Australian Transaction Reports and Analysis Centre.
"ASIC reminds preparers of financial reports that consideration should be given to the need for and adequacy of provisions," ASIC said.
"ASIC also recently emphasised the importance of making adequate provisions in financial reports."
A spokesman for Star did not immediately respond an email seeking comment.
Star on Friday completed the $595m institutional component of a $800m capital raising, conducted at a deep discount, aimed in part at strengthening its balance sheet after it was fined $100m apiece by regulators in NSW and Queensland.
The company is trying to recover from a government inquiry that found past corruption, including links to organised crime and money laundering.
