Australia’s financial crimes watchdog orders audit into sportsbooks Sportsbet and Bet365 over AML concerns

Australia’s financial crimes watchdog orders audit into sportsbooks Sportsbet and Bet365 over AML concerns

Article brief provided by Inside Asian Gaming
  • Ben Blaschke, Inside Asian Gaming
November 3, 2022 1:30 PM
  • Ben Blaschke, Inside Asian Gaming

Australia’s financial crimes watchdog AUSTRAC has ordered an audit of leading sportsbooks Sportsbet and Bet365 to assess their compliance with anti-money laundering and counter-terrorism financing rules.

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According to information announced by AUSTRAC this week, its actions are the result of an extensive supervisory campaign that assessed entities within the corporate bookmaker sector. A similar investigation was launched into British gaming giant Entain, which operates Labdrokes and Neds in Australia, in September.