Australian regulator expands Star Leisure cash laundering probe By Reuters


© Reuters.

(Reuters) – Star Leisure Group mentioned on Friday that Australia’s monetary crime regulator expanded its investigation into attainable breaches of anti-money laundering and counter-terrorism legal guidelines on the firm’s on line casino in Sydney.

The Australian Transaction Studies and Evaluation Centre (AUSTRAC) expanded the scope of its investigation to different entities inside The Star group, the on line casino operator added.

Star has been in the midst of regulatory scrutiny since June, when AUSTRAC started an “enforcement investigation”, adopted by media reviews accusing the on line casino operator of failing to rein in cash laundering and fraud at its two resorts.

The regulator will request info and paperwork from Star as a part of its investigation, the corporate mentioned on Friday.

Star Leisure shares have been down 0.8% in early buying and selling.

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