Australian Authorities File Legal Action Against Entain Over AML Failures
Australian authorities have initiated legal proceedings against Entain, the global gambling operator behind brands like Ladbrokes and Coral, over alleged non-compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) laws. The Australian Transaction Reports and Analysis Centre (AUSTRAC) announced the case, marking its first civil penalty action against an online gambling operator. AUSTRAC accusations and allegations: AUSTRAC’s investigation into Entain began in September 2022 […]
Australian authorities have initiated legal proceedings against Entain, the global gambling operator behind brands like Ladbrokes and Coral, over alleged non-compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) laws. The Australian Transaction Reports and Analysis Centre (AUSTRAC) announced the case, marking its first civil penalty action against an online gambling operator. AUSTRAC accusations and allegations: AUSTRAC’s investigation into Entain began in September 2022 […]
