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LATEST: AUSTRAC launches investigation into Sportsbet & Bet365 over alleged anti-money laundering failures

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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. 

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NEWS: British Virgin Islands pledges more ML prosecutions after FATF grey listing

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NEWS: Former Georgia PM urges UK to uphold $607M Credit Suisse ruling

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NEWS: Mexican President hits out at ‘unfair’ US-proposed 3.5% remittance tax 

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