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Australian regulator expands Star Entertainment money laundering probe -Breaking

by Mike Robinson

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© Reuters.

(Reuters) – Star Entertainment Group stated Friday that Australia’s financial crimes regulator has expanded its investigation into allegations of possible violations of anti-money laundering or counter-terrorism laws at its casino in Sydney.

The Australian Transaction Reports and Analysis Centre, (AUSTRAC), widened its scope to include other entities in The Star Group.

Star has been under scrutiny regulatoryly since June when AUSTRAC opened an enforcement investigation. Following that, media reports accused Star of not reining in money laundering or fraud at its two resorts.

Star has confirmed that it will be providing documents and information to the regulator as part of an investigation.

Star Entertainment shares fell 0.8% during early trading

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