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.

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