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Nov 7 (Reuters) – Australian casino operator Star Entertainment Group Ltd (SGR.AX) It said on Monday it faced a second class-action lawsuit over allegations it failed to comply with disclosure requirements under anti-money laundering and counter-terrorism financing rules.
The class-action lawsuit, filed by law firm Maurice Blackburn, alleges that between March 29, 2016 and March 16, 2022, Star made misleading representations about its systems and processes for complying with AML and CFT obligations.One statement.
The lawsuit also alleges that Star failed to disclose relevant information to the market and “acted against the interests of all Star members,” the statement said.
Star said it would defend itself against the class action, adding that the claim was “substantially similar” to a class action brought by another law firm slater and gordon (SGH.AX) exist march earlier this year.
Shares in the Brisbane-based casino company have fallen 19 per cent in a year investigation and review it operate It is accused of failing to prevent money laundering and criminal activity.
Reporting by Sameer Manekar in Bengaluru; Editing by Daniel Wallis and Paul Simao
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