AUSTRAC Concludes Sportsbet AML Enforcement Case After Compliance Overhaul
Australia’s financial intelligence and regulatory body AUSTRAC has officially finalised its enforceable undertaking with online wagering operator Sportsbet Pty Ltd after confirming the company has completed a major remediation programme addressing anti-money laundering and counter-terrorism financing (AML/CTF) deficiencies. The regulator stated that Sportsbet had resolved the systemic issues previously identified in its compliance framework and had implemented the required upgrades across governance, monitoring and reporting systems. Ongoing Compliance Expectations Remain in Place AUSTRAC chief executive Brendan Thomas said the outcome […] The post AUSTRAC Concludes Sportsbet AML Enforcement Case After Compliance Overhaul appeared first on World Casino News.
Australia’s financial intelligence and regulatory body AUSTRAC has officially finalised its enforceable undertaking with online wagering operator Sportsbet Pty Ltd after confirming the company has completed a major remediation programme addressing anti-money laundering and counter-terrorism financing (AML/CTF) deficiencies. The regulator stated that Sportsbet had resolved the systemic issues previously identified in its compliance framework and had implemented the required upgrades across governance, monitoring and reporting systems. Ongoing Compliance Expectations Remain in Place AUSTRAC chief executive Brendan Thomas said the outcome […]
The post AUSTRAC Concludes Sportsbet AML Enforcement Case After Compliance Overhaul appeared first on World Casino News.
