AUSTRAC completes Sportsbet anti-money laundering undertaking
AUSTRAC has finalized its enforceable undertaking with Sportsbet in Australia after the operator addressed deficiencies in its anti-money laundering and counter-terrorism financing controls. Accepted in May 2024, the undertaking required improvements in five areas; independent assurance confirmed implementation, the regulator said.
The completion confirms Sportsbet has met AUSTRAC’s specified remediation requirements, while the undertaking leaves compliance expectations in place.