Austrac says an investigation is underway into betting company Entain Group

Image by top10-casinosites from Pixabay

The Australian Transaction Reports and Analysis Centre, the agency responsible for preventing, detecting and responding to criminal abuse of the financial system, has launched an investigation into sports betting and gaming firm Entain Group.

In a statement, Austrac said the investigation came after what it described as “an extensive surveillance campaign which assessed entities in the corporate bookmaker sector”.

The agency said the investigation would focus on whether Entain had complied with its obligations under the AML/CTF Act.

Entain describes itself as “one of the largest sports betting and gaming groups in the world, operating both online and in retail”.

“Tax resident in the UK, with operations in a total of 31 regulated or regulatory territories, the group employs over 25,000 people, in 20 offices across five continents,” it says on its website.

Austrac chief executive Nicole Rose said all reporting entities, including those in the corporate bookmaker sector, must take their role in the fight against serious and organized crime seriously.

“Reporting entities are responsible for ensuring that they identify, assess and manage money laundering and terrorist financing risks, develop adequate processes and devote the necessary resources to comply with their AML/CFT,” she said.

Austrac said there was no further comment at this time as the investigation continues.

Please join our community here and become a VIP.

Subscribe to the ITWIRE UPDATE newsletter here
JOIN our iTWireTV our YouTube community here


Thoughtworks presents XConf Australia, back in person in three cities, bringing together people who care deeply about software and its impact on the world.

Now in its fifth year, XConf is our annual technology event created by technologists for technologists.

Participate in a robust discussion program as local thought leaders and Thoughtworks technologists share first-hand experiences and discuss new ways to empower teams, deliver great software, and drive innovation for technology responsible.

Learn how we at Thoughtworks are improving technology, together.

Tickets are available now and all proceeds will be donated to Indigitek, a non-profit organization that aims to create tech employment pathways for First Nations people.

Click the button below to register and get your ticket to the Melbourne, Sydney or Brisbane event



It’s all about webinars.

Marketing budgets are now focused on webinars combined with lead generation.

If you want to promote a webinar, we recommend at least a 3-4 week campaign before your event.

The iTWire campaign will include numerous advertisements on our news site and a major newsletter promotion and promotional and editorial news. Plus a video interview of the key speaker on iTWire TV which will be used in promotional posts on the iTWire homepage.

Now that we are coming out of Lockdown, iTWire will focus on supporting your webinars and campaigns and support through partial payments and extended terms, Webinar Business Booster pack and other support programs. We can also create your advertisements and written content and coordinate your video interview.

We look forward to discussing your campaign goals with you. Please click the button below.


About Michael S. Montanez

Check Also

Marathon Patent Group, Inc. (NASDAQ:MARA) – Review of Marathon Digital Holdings’ Recent Short-Term Interests

Marathon Digital Holdings (NASDAQ:MARA) Short Percent Free Float has fallen 10.24% since its last report. …