NEWS: Austrac probes online gambling giant Bet365 over its AML compliance

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NEWS: Austrac probes online gambling giant Bet365 over its AML compliance
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Australia’s fincrime agency, Austrac, has launched an investigation into gambling firm Bet365 over its AML/CFT compliance. “Businesses without adequate processes in place to manage those risks leave themselves vulnerable to exploitation by criminals,” said Brendan Thomas, the CEO of the Australian Transaction Reports and Analysis Centre. It follows a 2022 external audit of the firm…

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