Australia
AUSTRAC Commences Investigation into Online Betting Company Bet365

AUSTRAC has commenced an enforcement investigation into Hillside (Australia New Media) Pty Limited (bet365).
The investigation will focus on whether bet365 has complied with its obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) and follows a supervisory campaign of entities within the corporate bookmaker sector and AUSTRAC’s consideration of the external audit report received following AUSTRAC’s order to bet365 to appoint an external auditor.
AUSTRAC CEO Brendan Thomas, said betting agencies, like all regulated entities, have a significant role to play in combating financial crime.
“Corporate bookmakers must have robust systems in place to ensure they can manage and mitigate risks associated with money laundering and terrorism financing,” Mr Thomas said.
“Businesses without adequate processes in place to manage those risks leave themselves vulnerable to exploitation by criminals.”
-
Asia2 days ago
PAGCOR CHAIRMAN, ENTIRE BOARD TENDER COURTESY RESIGNATION
-
Asia5 days ago
12BET Brings the Aviator Craze to Players with Spribe’s Trending Games
-
Compliance Updates5 days ago
Dutch Gaming Authority Intensifies Supervision of Advertising Rules for Sports Sponsorship
-
Asia5 days ago
PAGCOR CHIEF VOWS CONTINUED SUPPORT FOR MILITARY INFRA PROJECTS
-
Asia4 days ago
Amusnet Reinforces Strategic Presence in Asia at SiGMA Asia 2025
-
Compliance Updates5 days ago
Fennica Gaming Secures B2B License in Greece
-
Latest News5 days ago
Bets & Bytes: How AI, Blockchain, and New Regulations Are Shaping Europe’s Online Casinos
-
Gambling in the USA4 days ago
Gaming Americas Weekly Roundup – May 19-25