Reported 4 months ago
Sportsbet, an online betting company, has committed to complying with Australia's anti-money laundering and counter-terrorism financing laws under an enforceable undertaking with AUSTRAC. The agreement aims to prevent illicit funds from being channeled through Sportsbet, requiring the company to allocate resources for a remediation program or face further enforcement action. This commitment follows an initial audit of Sportsbet in 2022 by AUSTRAC, with Sportsbet undertaking ongoing measures to enhance its compliance with the AML/CTF Act.
Source: YAHOO