Online gambling firm Bet365 probed in Australia - BBC News

The industry has come under increased scrutiny after online betting surged in during the pandemic.

9 hours agoShareclose panelShare pageCopy linkAbout sharingImage source, Getty ImagesBy Mariko OiBusiness reporterAustralia's financial crime watchdog has launched an investigation into UK online gambling firm Bet365 over its compliance with anti-money laundering and counter-terrorism financing laws.

The Australian Transaction Reports and Analysis Centre (Austrac) had ordered an external audit of the firm in 2022.

Bet365 did not immediately respond to a BBC request for comment.

The industry has come under increased scrutiny after online betting surged in during the pandemic.

"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 (Austrac).

https://www.bbc.co.uk/news/business-68498129

---