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ABC News
ABC News
Business
business reporter Samuel Yang

Anti-money laundering watchdog probes online gambling giants Sportsbet and Bet365

bet365 Sportsbet AUSTRAC Nicole Rose Australia Tabcorp Westpac

Australia's anti-money-laundering watchdog has launched an investigation into two of the nation's biggest online sports betting companies and warns that it wants the multi-billion-dollar gambling industry to "lift its game".

The Australian Transaction Reports and Analysis Centre (AUSTRAC) told the ABC it has "reasonable grounds to suspect that Sportsbet and Bet365 may have contravened or are contravening the anti-money laundering and counter-terrorism financing law and rules".

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