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LATEST: Australian watchdog sues Ladbrokes’ owner Entain for ‘systemic’ AML breaches

Premium December 16, 2024

PROBE: Our file photo shows a man watch television screens in a Ladbrokes bookmaker. Australia's fincrime watchdog said it is taking action against the company's owner.

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NEWS: UK legal watchdog goes on AML crackdown – issues six fines in three days

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NEWS: Denmark’s Jyske Bank fined €3.2 million for CDD failings on 35 mortgage customers in southern Europe

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NEWS: Ex-head of Bolivian anti-drugs agency extradited to the US on cocaine trafficking charges

BY PAUL O’DONOGHUE, Senior Correspondent

AUSTRALIA’S financial watchdog, AUSTRAC, has initiated civil proceedings against Entain, the global sports betting group behind Ladbrokes and Neds, alleging systemic breaches of AML laws.

This marks the first such action against a sports betting company in Australia following an investigation launched last year.

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Premium

NEWS: UK legal watchdog goes on AML crackdown – issues six fines in three days

 Premium

NEWS: Denmark’s Jyske Bank fined €3.2 million for CDD failings on 35 mortgage customers in southern Europe

 Premium

NEWS: Ex-head of Bolivian anti-drugs agency extradited to the US on cocaine trafficking charges

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