Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Guardian - AU
The Guardian - AU
National
Henry Belot

Sports gambling giants face ‘wake-up call’ as Australian money-laundering investigation nears end

horse racing
Austrac is finalising its investigation into suspected breaches of money-laundering laws by sports gambling companies Sportsbet, Ladbrokes and Bet365. Photograph: Vince Caligiuri/Getty Images

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.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.