AUSTRAC alleges Entain breached Australian anti-money-laundering rules
AUSTRAC alleges Entain failed to maintain a compliant anti-money-laundering programme and assess relevant risks in Australia. The proceedings had reached the criminal-penalty phase, but no penalty amount or timeline had been set; Entain was reported to have co-operated and introduced an AML and counter-terrorism financing enhancement programme.
Entain’s potential Australian penalty remains uncertain as proceedings continue over alleged AML programme failures.