Financial crime regulator AUSTRAC is suing British gambling giant Entain, the owner of bookies Ladbrokes and Neds, over serious non-compliance with local anti-money laundering and counter-terrorism financing laws.
The Australian Transaction Reports and Analysis Centre began an “enforcement investigation” into the multinational group in September 2022, months after the London-listed company paid Britain’s Gambling Commission $29 million for similar breaches.
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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
