To survive this financial storm, Mr McCann will need to raise money from investors some time next year. Along with the $15 million fine – to be paid in three instalments – the anti-money laundering authority AUSTRAC is expected to hit the group with a fine of more than $200 million. But, while the banking syndicate has agreed to tip in an extra $200 million in new loans to keep it afloat, complications in its rescue continued to the very end. Despite the welcome decision by the regulator, blackcoin.co Star's new chief executive Steve McCann faces an uphill battle to keep the company afloat.
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