By Elizabeth Hearst for AMLi
The Australian Financial Crime regulator AUSTRAC has launched an investigation into gambling firms, Sportsbet and Bet365 over suspected anti-money laundering failures.
AUSTRAC announced on Thursday it had “reasonable grounds to suspect” the firms had or was contravening the AML/CFT Act.
Subscribe now to have unlimited access
With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!