Anti-Financial Crime & Financial Crime Compliance
Regulatory Intelligence Leadership | Insight | Network

AML, Australia, Gaming

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.

Premium

NEWS: State-owned Bank of China penalized in Sri Lanka for AML violations

 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

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.

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!

View subscription optionsIf you have an account, log in
Premium

NEWS: State-owned Bank of China penalized in Sri Lanka for AML violations

 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

Regulatory Watch News

  • Alleged ₦80.2bn Fraud: Yahaya Bello Apologizes as Court Grants ₦500 Million Bail

    EFCC

    One of the charges read: “That you, Yahaya Adoza Bello, Ali Bello, Dauda Suleiman, and Abdulsalam Hudu (still at large), sometime in February 2016 in Abuja, within the jurisdiction of this Honourable Court, conspired amongst yourselves to convert the total sum of ₦80,246,470,089.88 (Eighty Billion, Two Hundred and Forty-Six Million, Four Hundred and Seventy Thousand and Eighty-Nine Naira, Eighty-Eight Kobo), which sum you reasonably ought to have known forms part of the proceeds of your unlawful activity to wit: criminal breach of trust, thereby committing an offence contrary to Section 18(a) and punishable under Section 15(3) of the Money Laundering (Prohibition) Act, 2011, as amended.”

  • Fight against terrorism and violent extremism: Council approves conclusions on reinforcing external-internal links

    European Council

    Today, the Council approved conclusions aimed at enhancing efforts to  address terrorism and violent extremism. Together with the Council conclusions on 'future priorities for strengthening the joint counterterrorism efforts of the EU and its member states' approved last week, today’s conclusions prove the EU’s resolve to cooperate with partner countries and to protect EU citizens.

  • Website Alert – Fraudulent website related to Bank Julius Baer & Co. Ltd.

    HKMA

    The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Bank Julius Baer & Co. Ltd. relating to a fraudulent website, which has been reported to the HKMA.  A hyperlink to the press release is available on the HKMA website.

Sign Up To Our Newsletter

Categories

Archived articles

Contact Us