The Australian Transaction Reports and Analysis Centre (AUSTRAC) has entered into a legally binding enforceable undertaking with bet365 after identifying serious gaps in the online bookmaker’s management of money laundering risk and reporting of suspicious activity. The undertaking requires bet365 to establish a robust, ongoing risk assessment framework with clear methodology and processes, and to strengthen how it detects and reports suspicious transactions as risks evolve. The action follows an AUSTRAC investigation triggered by an independent audit of bet365’s operations. The undertaking sets directly enforceable minimum standards, with breaches potentially attracting civil penalties under both the undertaking and the governing legislation. AUSTRAC said the standards reflect its expectations for all reporting businesses and form part of increased scrutiny of the gambling sector.
Australian Transaction Reports and Analysis Centre (AUSTRAC)2026-07-06
Australian Transaction Reports and Analysis Centre requires bet365 to overhaul anti-money laundering controls after identifying serious gaps
AUSTRAC has required bet365 to overhaul its anti-money laundering controls under a legally binding enforceable undertaking after finding serious gaps in risk management and suspicious activity reporting. The bookmaker must implement an ongoing risk assessment framework and strengthen transaction detection and reporting, with breaches potentially attracting civil penalties.