Britain’s Entain is the subject of an inquiry by Australia’s financial crimes regulator.

entain

The British sports betting juggernaut Entain Plc is the subject of an inquiry by the Australian Financial Crimes Regulator to see if it complies with anti-money laundering and counter-terrorism funding regulations.

Without providing any additional information, the Australian Transaction Reports and Analysis Centre (AUSTRAC) stated that the enforcement inquiry was launched following a comprehensive supervisory campaign that covered the entire corporate bookmaking sector.

“Reporting entities have a responsibility to ensure they identify, assess and manage risks of money laundering and terrorism financing, develop adequate processes and devote the necessary resources to comply with their AML/CTF obligations,” AUSTRAC Chief Executive Officer Nicole Rose said in a statement.

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Nassima Azmzm

Nassima Azmzm

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