Austrac inquiry into Sportsbet, Ladbrokes and Bet365 could influence government regulation amid calls for total ban on gambling ads
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Australia’s biggest sports gambling companies should be prepared for a “wake-up call” as the financial crime watchdog finalises its investigation into suspected breaches of money-laundering laws.
Any action by the Australian Transaction Reports and Analysis Centre (Austrac) – which began its investigation into Sportsbet, Ladbrokes and Bet365 in late 2022 – could influence the federal government’s plans to regulate the industry amid calls for a total ban on gambling ads.
Continue reading…Austrac inquiry into Sportsbet, Ladbrokes and Bet365 could influence government regulation amid calls for total ban on gambling adsGet our morning and afternoon news emails, free app or daily news podcastAustralia’s biggest sports gambling companies should be prepared for a “wake-up call” as the financial crime watchdog finalises its investigation into suspected breaches of money-laundering laws.Any action by the Australian Transaction Reports and Analysis Centre (Austrac) – which began its investigation into Sportsbet, Ladbrokes and Bet365 in late 2022 – could influence the federal government’s plans to regulate the industry amid calls for a total ban on gambling ads.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading…