Gambling giant Entain accepted $152m in bets from 17 high-risk customers who had “suspected criminal profiles and associations” despite being aware they may have been laundering money, federal court documents allege.
Entain’s share price fell by almost six percent after Australia’s financial intelligence agency (Austrac) announced civil penalty proceedings against it on Monday, alleging it “deliberately obscured the identities” of high-risk customers and failed to stop a “serious risk of criminal exploitation”.
