Australian regulator expands Star Entertainment’s money laundering investigation

Prosecutors outline the financial case of the campaign against Lev Parnas as the criminal trial begins

Star has been in the middle of regulatory scrutiny since June, when AUSTRAC began an “enforcement investigation”, followed by media reports accusing the casino operator of failing to rein in money laundering and fraud at its two resorts.

The Australian Transaction Reports and Analysis Centre (AUSTRAC) expanded the scope of its investigation to other entities within The Star group, the casino operator added.

Highlights

  • Star Entertainment shares were down 0.8% in early trading.

  • The regulator will request information and documents from Star as part of its investigation, the company said on Friday.

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Reporting by Indranil Sarkar in Bengaluru; Editing by Bernard Orr and Devika Syamnath

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