AUSTRAC takes Ladbrokes and Neds’ operator – Entain – to Federal Court over serious non-compliance with Australia’s money laundering laws

News Anti-money laundering Sanctions & Fines

Date: 16th Dec, 2024 Source: Australian Transaction Reports and Analysis Centre (AUSTRAC) Country: Australia Original Source

Brief

On 16/12/2024, the Australian Transaction Reports and Analysis Centre (AUSTRAC) issued an update regarding "AUSTRAC takes Ladbrokes and Neds’ operator – Entain – to Federal Court over serious non-compliance with Australia’s money laundering laws". AUSTRAC alleges that Entain failed to develop and maintain a compliant anti-money laundering program, leading to systemic failures in identifying and assessing ML/TF risks.

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Australian Transaction Reports and Analysis Centre (AUSTRAC)

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AUSTRAC takes Ladbrokes and Neds’ operator – Entain – to Federal Court over serious non-compliance with Australia’s money laundering laws

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AUSTRAC takes Ladbrokes and Neds’ operator – Entain – to Federal Court over serious non-compliance with Australia’s money laundering laws

Brief

Australian Transaction Reports and Analysis Centre (AUSTRAC)

Form successfully submitted. One of our GRI rep will contact you shortly

Thanking You!

Enter your Email

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Enter your Email

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