The financial crime watchdog has accused the British bookmaker behind Ladbrokes and Neds of allowing more than a dozen suspected criminals to funnel dirty money through its accounts despite being aware of the risks.
Austrac made the claims in its Federal Court filings. It alleges London-listed Entain exposed its banking partners to serious risks and claims its board and senior management breached anti-money laundering and counter-terrorism laws between 2018 and December 2024.
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Zoe Samios covers wagering and the business of sport from the AFR's Sydney newsroom. She was previously the media and telecommunications reporter for The Sydney Morning Herald and The Age, and covered media at The Australian. Connect with Zoe on Twitter. Email Zoe at zoe.samios@afr.com
