Regulatory Alerts2026-07-06
Added · Updated
bet365 to overhaul AML systems under AUSTRAC enforceable undertaking
AUSTRAC has required online bookmaker bet365 to strengthen its anti-money laundering (AML) controls after identifying serious gaps in how it manages risk and reports suspicious activity. bet365 entered into a legally binding enforceable undertaking to overhaul its systems, including establishing a robust, ongoing risk assessment approach and strengthening how it detects and reports suspicious transactions. This action follows an AUSTRAC investigation and reflects increased scrutiny across the gambling sector, with breaches of the undertaking attracting civil penalty consequences.
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